Founded in 1999, Alibaba Group Holding provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses engage with users and customers. The company operates the digital retail platform Taobao and the online wholesale marketplace Alibaba.com, among others. It also provides storage, network, security, database, and IoT services, as well as hardware, software license and installation, and application development and maintenance services. The company is based in Hangzhou.
Alibaba Group
Alibaba Group in Fortune Rankings
- About
- Change The World
Change the World 2025
With over 400 million downloads, Alibaba’s open-source models are now among the most widely used worldwide. The Chinese e-commerce giant has made AI a core pillar of its business, pledging $53 billion in investment over the next three years. By releasing AI models under an open-source model, either for free or at low rates, Alibaba is empowering startups, researchers, and hobbyists to experiment with this new technology without shelling out for expensive licensing fees. Chinese AI developers like Alibaba have now changed the conversation around AI, pushing U.S.-based competitors like OpenAI and xAI to release their own open-source models. And Alibaba hopes that eradicating the digital divide will be good for its business: Developers, trained on Qwen, will likely join Alibaba’s cloud ecosystem, an increasingly lucrative business for the tech company.
- Company Information
- Fastest-growing Companies
- Future 50
- World's Most Admired Companies
- Key Financials (last Fiscal Year)
- Profit Ratios
- Change The World