Alibaba Group Holding
A deliveryman carrying bags of coffee walks out a Luckin Coffee in Beijing on August 2, 2018. - Starbucks on August 2 announced a partnership with e-commerce giant Alibaba that will give the US coffee giant greater access to China's growing food-delivery market as it faces increased competition from local firms. (Photo by WANG ZHAO / AFP) (Photo credit should read WANG ZHAO/AFP/Getty Images)Wang Zhao—AFP/Getty Images
During its Singles’ Day promotion last year, Alibaba sold $25 billion worth of goods—up 39% from the year before. (Compare that with the “record breaking” $6.6 billion sold in the U.S. on Cyber Monday of 2017.) Not content to dominate the world’s largest e-commerce market, Alibaba has expanded aggressively outside China and in other sectors, including cloud computing and food delivery; revenue in fiscal 2018 rose 58% over the previous year. Concerns over the retirement of founder and chairman Jack Ma have dissipated; the juggernaut is poised to succeed without him.
|Industry||Internet Software and Services|
|HQ Location||Hangzhou, China|
|Revenues ($M) (Past 12 Months)||$43,226|
|Profits ($M) (Past 12 Months)||$8,942|
|Market Value as of Oct. 10, 2018 ($M)||$355,672|