UAE Team Emirates ( UCI team code: UAD ) is an Emirati road bicycle racing team . The team competes at UCI WorldTeam level and has done so since the UCI World Tour was formed as the top category of road cycling in 2005.
70-665: The team was established in 2017 as UAE Abu Dhabi before being renamed UAE Team Emirates in 2018. It is sponsored by the UAE government and the team has achieved notable success in various prestigious races, including stage wins and overall victories in Grand Tours (the Tour de France, Giro d’Italia, and Vuelta a España) and one-day races.The team was temporarily suspended from the ProTour in 2010, missing one ProTour event . In August 2016
140-624: A comparison shopping website that offers search results from mostly Chinese online shopping platforms, including product searches, sales and coupon searches. According to the Alibaba Group web site, eTao offers products from Amazon China, Dangdang , Gome, Yihaodian , Nike China, and Vancl, as well as Taobao and Tmall. As part of a restructuring of Taobao by Alibaba, these spin-offs became separate companies in 2011, with Tmall and eTao becoming separate businesses in June and Juhuasuan becoming
210-688: A state-owned enterprise of the China Internet Investment Fund , established by the Cyberspace Administration of China , took a 1 percent golden share investment in two Alibaba subsidiaries that control Youku and UCWeb . In March 2023, Alibaba announced their "1+6+N" restructuring plan, which reorganized its business structure into six independently run entities: Cloud Intelligence Group, Taobao and Tmall Group, Cainiao Smart Logistics Network, Local Services group, Alibaba International Digital Commerce, and
280-596: A variable interest entity (VIE) structure, buying a 40% stake in the company for US$ 1 billion. This would as a result net in US$ 10 ;billion in Alibaba's IPO alone to Yahoo!. In 2012, China Investment Corporation led a group of Chinese investors in buying out Yahoo!'s 40% stake and in buying the Alibaba shares that had traded on the Hong Kong Stock Exchange . According to Li Chuan,
350-644: A Chinese crackdown on big tech , SAMR issued a $ 2.8 billion fine against Alibaba for anti-competitive practices and ordered Alibaba to file self-examination and compliance reports to the SAMR for three years. This amounted to 12% Archived 3 June 2021 at the Wayback Machine of its 2020 net profit. Critics say the move tightens the Chinese's governments control of tech companies. Alibaba stated that it would dedicate itself to correct its errors and accepted
420-563: A US$ 25 million investment from Swedish Wallenberg family's Investor AB , Goldman Sachs and SoftBank . In 1999, Wallenbergs Investor AB owned 6% of the shares. Alibaba.com was expected to improve the domestic e-commerce market and perfect an e-commerce platform for Chinese enterprises, especially small and medium-sized enterprises (SMEs), to help export Chinese products to the global market as well as to address World Trade Organization (WTO) challenges. In 2002, Alibaba.com became profitable three years after launch. Ma wanted to improve
490-520: A cloud computing service platform, including e-commerce data mining, e-commerce data processing, and data customization. It has R&D centres and operators in Hangzhou, Beijing, Hong Kong, Singapore, Silicon Valley and Dubai. In July 2014, Alibaba Cloud entered into a partnership deal with Inspur. Alibaba Cloud is the largest high-end cloud computing company in China. In 2009, Alibaba acquired HiChina,
560-425: A damage control view suggesting that the subscription-driven, third-party verified "China Gold Supplier" program was endangered by diminished trust in its endorsement system, removing the incentive for global buyers to choose Alibaba as their business-to-business service, thus more broadly endangering Alibaba through impact on its brand and capabilities (the latter via the "defenestration of senior people"). The scandal
630-564: A deal that was worth 1.2 billion yuan (US$ 192 million). On 5 September 2014, the group—in a regulatory filing with the US Securities and Exchange Commission (SEC)—set a US$ 60- to $ 66- per-share price range for its scheduled initial public offering (IPO), the final price of which would be determined after an international roadshow to gauge the investor interest in Alibaba shares to shareholders. On 18 September 2014, Alibaba's IPO priced at US$ 68, raising US$ 21.8 billion for
700-491: A diverse portfolio of companies around the world in numerous business sectors. On 19 September 2014, Alibaba's initial public offering (IPO) on the New York Stock Exchange raised US$ 25 billion, giving the company a market value of US$ 231 billion and, by far, then the largest IPO in world history. It is one of the top 10 most valuable corporations, and is named the 31st-largest public company in
770-579: A global logistics network, underpinning an aggressive overseas expansion, and demonstrating Alibaba's commitment to building the most efficient logistics network in China and around the world. It is investing a further 5.3 billion yuan in Cainiao Logistics to boost its stake to 51 percent from 47 percent. The investment would value Cainiao, a joint venture of top Chinese logistics firms, at around US$ 20 billion. Alibaba uses Cainiao software at its Belgian-European sales hub. The software
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#1732802058249840-506: A host for other businesses to sell to consumers. Similar to eBay, sellers on Aliexpress can be either companies or individuals. It connects Chinese businesses directly with buyers. The main difference from Taobao is that it's aimed primarily at international buyers, mainly the US, Russia, Brazil and Spain. In 2012, Alibaba instituted its Public Dispute Resolution Center, which crowdsources buyers and sellers to vote on transactional rules and decide
910-471: A mobile app that recommends customers products based on data analytics. In addition, customers can have their groceries cooked to eat in the food court of the supermarket. In October 2018, it was reported that Alibaba's Koubei have merged with online food delivery service platform Ele.me into a new local life service subsidiary. However, the newly formed Alibaba Local Life Service entity experienced major competition from local service giant Meituan , which
980-593: A public appearance in Hangzhou, China in March 2023 where he met with students and teachers at the Alibaba partners-funded Yungu School. In February 2021, Alibaba sold $ 5 billion in bonds, the company's third large sale of dollar bonds , issuing four sets priced to yield between 2.143% and 3.251%. The four sets of bonds were $ 1.5 billion of both 10-year and 30-year debt along with $ 1 billion of bonds due in 20 and 40 years. The 20-year bonds were designated as sustainability notes . On 9 April 2021, as part of
1050-578: A senior executive at Alibaba, the company was planning in 2013 to open traditional brick and mortar retail outlets in partnership with Wanda Group, a Chinese real estate company. Additionally, Alibaba purchased a 25% stake in Hong Kong-listed Chinese department store chain Intime Retail in early 2014. In early 2017, Alibaba and Intime's founder Shen Guojun agreed to pay as much as HK$ 19.8 billion (US$ 2.6 billion) to take
1120-594: A separate business later in October. In 2010, Alibaba launched AliExpress.com, an online retail service made up of mostly small Chinese businesses offering products to international online buyers. It is the most visited e-commerce platform in Russia. It allows small businesses in China to sell to customers all over the world, resulting in a wide variety of products. It might be more accurate to compare AliExpress to eBay, though, as sellers are independent; it simply serves as
1190-646: A significant amount of technology for the Digital Silk Road . In 1999, Jack Ma launched the primary business of Alibaba, Alibaba.com, while working as an English teacher in Hangzhou . Alibaba.com later became the world's largest online B2B trading platform for small businesses as of 2014. Alibaba.com has three main services: the English language portal Alibaba.com, which handles sales between importers and exporters from more than 240 countries and regions,
1260-461: A variety of products for retail sales. Taobao grew to become China's largest C2C online shopping platform and later became the second most visited website in China, according to Alexa Internet . Taobao's growth was attributed to offering free registration and commission-free transactions using a free third-party payment platform. Advertising made up 75 percent of the company's total revenue, allowing it to break even in 2009. In 2010, Taobao's profit
1330-590: Is a 12 nm 16-core with a clockrate of 2.5 GHz, and was designed by Alibaba's subsidiary T-Head (also known as Pingtouge). Alibaba claim the Xuantie-910 is faster than the ARM Cortex-A73 and is capable of 7.1 Coremark/MHz. On 25 September 2019, Alibaba announced an AI accelerator called the Hanguang 800. The Hanguang 800 contains 17 billion transistors built with a 12 nm process and
1400-520: Is able to access data about retailers, products, transport details and flows, a person familiar with the company's IT systems told the British newspaper Financial Times . Chinese companies are legally obliged to pass on their data to China's authorities and security services. The Belgium State Security Service is monitoring the hub in Lütich because of this fact and possible espionage . According to
1470-429: Is also one of the biggest venture capital firms and investment corporations in the world, as well as the second largest financial services group behind Visa via its fintech arm Ant Group . The company hosts the largest B2B (Alibaba.com), C2C ( Taobao ), and B2C ( Tmall ) marketplaces in the world. It has been expanding into the media industry, with revenues rising by triple percentage points year after year. It also set
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#17328020582491540-399: Is backed by Tencent , leading to rumours of planned layoffs in 2022. In September 2019, Alibaba announced it would acquire Chinese e-commerce platform Kaola from NetEase for around US$ 2 billion . In October 2020, Alibaba agreed to pay US$ 3.6 billion to take control of China's biggest hypermarket operator Sun Art (SEHK: 6808) from French billionaire Mulliez family . The deal doubled
1610-427: Is designed as an online mall for brands such as airline companies and agencies. Fliggy set the target audience as the younger generation and it strives to become a one-stop service when they plan their trips, particularly in overseas travel. On 7 August 2017, Alibaba Group and Marriott International hotel group announced a comprehensive strategic co-operation. Two companies will set up a joint venture company. Through
1680-437: Is not a thief. Alibaba is a kind, smart business person, and he helped the village. So ... easy to spell, and global know. Alibaba opens sesame for small- to medium-sized companies. We also registered the name AliMama, in case someone wants to marry us! On 28 June 1999, Jack Ma , with 17 friends and students founded Alibaba.com, a China-based B2B marketplace site, in his Hangzhou apartment. In October 1999, Alibaba received
1750-423: Is sponsored by the UAE government and the team has achieved notable success in various prestigious races, including stage wins and overall victories in Grand Tours (the Tour de France, Giro d’Italia, and Vuelta a España) and one-day races.The team was temporarily suspended from the ProTour in 2010, missing one ProTour event . In August 2016 the team (then called Lampre-Merida) confirmed that its WorldTeam licence
1820-633: The Financial Times , Cainiao denied suggestions of wrongdoing, noting that the firm operates in compliance with relevant laws and regulations. According to the Reuters , Alibaba Group Holding Ltd has divested its logistics arm for $ 8.5 billion to a consortium led by investment firms Boyu Capital and Primavera Capital Group . In conjunction with the company's 10th anniversary, Alibaba launched Alibaba Cloud in September 2009, aiming to build
1890-464: The Olympic Games . In September 2018, Jack Ma, the main founder of Alibaba, announced that he would step down as chairman in a year's time so he could focus on philanthropy. In response to the announcement, The Economist stated that Ma had a significant impact in China and worldwide via contributions and dedication to various businesses. In May 2019, Bloomberg cited sources familiar with
1960-534: The Tmall Genie smart speaker. In 2018, Alibaba's Wanli Min presented City Brain , a technology geared towards urban solutions such as streamlining traffic, detecting accidents and improving transport efficiency. China's government designated Alibaba as one of its "AI champions " in 2018. On 27 July 2019, Alibaba unveiled a 64-bit RISC-V processor called the XuanTie-910 (Black Iron 910). It
2030-478: The Chinese portal 1688.com, which manages domestic B2B trade in China, and AliExpress .com, a global consumer marketplace. Alibaba.com went public at the Hong Kong Stock Exchange in 2007, and was delisted again in 2012. In 2013, 1688.com launched a direct channel that was responsible for $ 30 million in daily transaction value. In 2003, Alibaba launched Taobao Marketplace (淘宝网), offering
2100-491: The Digital Media and Entertainment group. Each business unit would have their own CEO and board of directors and be able to seek their own fundraising and market listings. Under the new "1+6+N" structure, Alibaba also established a Capital Management Committee and a Compliance and Risk Committee. The Wall Street Journal reported on 30 March that Jack Ma engineered this in talks with company CEO Daniel Zhang while he
2170-566: The announcement. A statement from the firm reported that Yan Limin, the general manager of Alibaba.com at the time, had been dismissed in March for "misconduct"; Phil Muncaster of UK's The Register additionally reported that "a further 28 employees had been involved in dodgy dealings". As The Economist noted, the company's response has conflicting components: Alibaba's promulgated view that its corrective actions indicate its commitment to quality and integrity (where it contrasts itself with other scandal-associated Chinese business sectors), versus
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2240-604: The business for an equal equity stake. In 2016, Alibaba acquired control of Singapore-based e-commerce platform Lazada . Lazada is the largest e-commerce platform in southeast Asia, with a major presence in Malaysia, the Philippines, Singapore, Thailand, and Vietnam. This acquisition increased integration on Alibaba between Chinese merchants and their customers in southeast Asia. In October 2016, Alibaba launched Alitrip, later named Fliggy, an online travel platform that
2310-637: The chest and side of the team's jersey. Alibaba Group Alibaba Group Holding Limited , branded as Alibaba ( / ˌ æ l i ˈ b ɑː b ə , ˌ ɑː -/ ), is a Chinese multinational technology company specializing in e-commerce , retail , Internet , and technology . Founded on 28 June 1999 in Hangzhou, Zhejiang , the company provides consumer-to-consumer (C2C), business-to-consumer (B2C), and business-to-business (B2B) sales services via Chinese and global marketplaces, as well as local consumer, digital media and entertainment, logistics, and cloud computing services. It owns and operates
2380-472: The chest and side of the team's jersey. UAE Abu Dhabi UAE Team Emirates ( UCI team code: UAD ) is an Emirati road bicycle racing team . The team competes at UCI WorldTeam level and has done so since the UCI World Tour was formed as the top category of road cycling in 2005. The team was established in 2017 as UAE Abu Dhabi before being renamed UAE Team Emirates in 2018. It
2450-476: The company and investors. Alibaba was the biggest US IPO in history, bigger than Google, Facebook, and Twitter combined. On 19 September 2014, Alibaba's shares (BABA) began trading on the NYSE at an opening price of $ 92.70 at 11:55 am EST. On 22 September 2014, Alibaba's underwriters announced their confirmation that they had exercised a greenshoe option to sell 15% more shares than originally planned, boosting
2520-622: The company to return its focus to digital-payments. People's Daily , the official newspaper of the Central Committee of the Chinese Communist Party , endorsed the investigation shortly after the announcement, claiming the investigation to be "an important step in strengthening antimonopoly oversight in the internet sphere". As a result, from the antitrust probe, Alibaba lost nearly all of its stock-market gains in 2020, from $ 859 billion to $ 586 billion, by
2590-557: The company. On 23 June 2015, Alibaba announced that it is selling 11 Main to OpenSky, an online-marketplace operator based in New York. In February 2015, Alibaba invests US$ 590 million in Meizu , acquiring an undisclosed minority stake. In June 2015, Alibaba started a joint venture Koubei with its affiliate Ant Financial Group to tap China's fast-growing local services market, each investing approximately US$ 483 million into
2660-399: The counterfeiters as of 4 January 2017 , but brands whose sales have been affected by the counterfeit products accused Alibaba of not doing enough. In 2017, Alibaba started opening a chain of supermarkets, named Freshippo (or Hema; 盒马), as part of the company's "new retail strategy," where customers can either order in the store or online for delivery in under 30 minutes. It offers
2730-631: The docking technology system and the superiority resources, Fliggy has Marriott hotel flagship store. It has the same function with Marriott Chinese website and Marriott mobile app to create the best global travel experience for consumers. In 2016, the Office of the United States Trade Representative added Taobao back onto a list of notorious counterfeit platforms that includes the likes of torrent site The Pirate Bay . Alibaba denied wrongdoing and filed two lawsuits against
2800-400: The eighth most visited web site in China as of 2013. In 2012, Tmall.com later changed its Chinese name to Tianmao (天猫, "sky cat"), reflecting Tmall's Chinese pronunciation. In March 2010, Taobao launched the group shopping website Juhuasuan (聚划算), offering "flash sales", which are products that are available at a discount for only a fixed time period. In October 2010, Taobao beta-launched eTao,
2870-478: The end of December. Jack Ma, co-founder of both Alibaba and Ant Group , vanished from public view when Ant's IPO was suspended in early November, but resurfaced in January 2021 in a 50-second video, appearing briefly via video link at the digitally facilitated Rural Teacher Initiative. As of February 2021, he has yet to be seen in public. The video appearance caused Alibaba stock to jump more than 7%. Jack Ma made
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2940-560: The fine without making any appeal. On 11 November 2021, it was reported that over the course of its 11-day Singles' Day sales extravaganza, Chinese e-commerce giant Alibaba Group Holding received a record 540.3 billion yuan (S$ 114.4 billion) in orders, a 14 percent increase over the previous year. In July 2022, the SEC added Alibaba to a list of companies facing delisting from U.S. stock exchanges if its auditors remain unable to examine Alibaba's books before 2024. In December 2022,
3010-468: The global e-commerce system, so from 2003 onward, Alibaba launched Taobao Marketplace , Alipay , Alimama.com, and Lynx. When eBay announced its expansion into China in 2003, Ma viewed the American company as a foreign competitor and rejected eBay's buyout of Alibaba's subsidiary Taobao. By applying existing technologies, gaining trust in the Chinese e-commerce market, and expanding through dominating
3080-403: The group's stake in the hypermarket chain with a tootles ownership of 72%. Alibaba.com offers a paid Gold Supplier membership to try to ensure that each seller is genuine; sellers' Gold Supplier status and the number of years it has been held are displayed. The supplier verification types and checks are listed on Alibaba.com's website, with more stringent checks for sellers outside China. While
3150-412: The largest domain registration service and web hosting service company in China, and built it into Alibaba Cloud. On 28 July 2011, Alibaba Cloud released AliOS (formerly Yun OS and Aliyun OS ), a Linux distribution designed for mobile devices. In the 2017 Computing Conference in Hangzhou, Alibaba launched AliGenie , a China-based open-platform intelligent personal assistant. It is currently used in
3220-607: The lawsuit. Alibaba is among the most prominent investors in Thailand's Eastern Economic Corridor , which was opened in 2018. Alibaba committed approximately US$ 320 million for the development of an e-commerce digital hub in the EEC. In January 2017, Alibaba and the International Olympic Committee jointly announced an $ 800 million deal that would last until 2028 where the company would sponsor
3290-514: The lowest close in around 6 months, following the antitrust investigation into the company by Chinese regulators. In December 2020, China's State Administration for Market Regulation (SAMR) stated that it opened an investigation into Alibaba over monopolistic practices. The country's central bank , as well as three other regulators, confirmed in a separate statement that the affiliated Ant Group would also be summoned for discussions over "competition and consumer rights", where regulators instructed
3360-438: The majority of suppliers are reported to be genuine, there have been many cases of sellers, some with Gold Supplier status, seeking to defraud unsuspecting buyers. In February 2011, controversy ensued when Alibaba's corporate office admitted that it had granted the mark of integrity of its "China Gold Supplier" program to more than 2,000 dealers that had subsequently defrauded buyers; the firm's share price dropped "abruptly" after
3430-433: The market at a loss before making a return on additional services, Alibaba's subsidiaries outperformed eBay in the Chinese e-commerce market, claiming a growing percentage of consumers from eBay. Alibaba subsidiary Taobao would later force eBay out of the Chinese market, with eBay closing its unprofitable China Web unit, though the two companies would break even six years later. In 2005, Yahoo! invested in Alibaba through
3500-660: The matter as saying that Alibaba was considering raising $ 20 billion through a second listing in Hong Kong. In November 2019, Alibaba raised 12.9 billion in its secondary listing in Hong Kong, which became the world's largest offering that year. On Tuesday, 10 September 2019, Jack Ma officially stepped down as the chairman of Alibaba, Daniel Zhang succeeded him at the head of the company. In November 2020, The Wall Street Journal reported that Chinese leader Xi Jinping personally scuttled Jack Ma's Ant Group IPO. Bo Zhuang, chief China economist at TS Lombard said that
3570-463: The number of stores with sales between ¥10 thousand and ¥1 million increased by 30%, and the number of stores with sales over ¥1 million increased by 33%. In April 2008, Taobao introduced a spin-off, Taobao Mall (淘宝商城, later Tmall.com), an online retail platform to complement the Taobao C2C portal, offering global brands to an increasingly affluent Chinese consumer base. It became
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#17328020582493640-450: The outcome of disputes on the platform. This decentralized approach was popular and similar mechanisms were adopted or experimented with by other e-commerce platforms in China. On 11 June 2014, Alibaba launched US shopping site 11 Main. The 11 Main marketplace hosts more than 1,000 merchants in categories such as clothing, fashion accessories and jewelry as well as interior goods and arts and crafts and it plans to keep adding more, said
3710-539: The record on the 2018 edition of China's Singles' Day , the world's biggest online and offline shopping day. The company's name came from the character Ali Baba from the Middle Eastern folk-tale collection One Thousand and One Nights because of its universal appeal. As Jack Ma , one of the founders, replied to Lorraine Hahn on TalkAsia : One day I was in San Francisco in a coffee shop, and I
3780-458: The store chain private. Alibaba's stake—28% from 2014's US$ 692 million investment—would rise to about 74% after the deal. In April 2014, Alibaba invested in Lyft, along with Coatue Management , and Andreessen Horowitz ; they led a US$ 250 million Series D financing round. On 5 June 2014, Alibaba bought a 50% stake of Guangzhou Evergrande F.C. from Evergrande Real Estate Group Ltd. in
3850-419: The suspension "forms part of a wider political drive as the leadership seeks to widen and consolidate its control over finance and technology". What followed was an unexpected Chinese government-released draft on 10 November 2020, which gives regulatory authorities a wider latitude to regulate their biggest tech enterprises. In December 2020, the shares of Alibaba Group suffered a historic stock price crash to
3920-472: The team (then called Lampre-Merida) confirmed that its WorldTeam licence was being transferred from CGS Cycling to Chinese company TJ Sport Consultation, with the team becoming the first Chinese WorldTour team from 2017. Former Saunier Duval–Prodir team manager Mauro Gianetti was announced as the co-ordinator for the project. In an interview with La Gazzetta dello Sport the following month, Saronni confirmed that he and CGS Cycling would continue to manage
3990-532: The team on TJ Sport's behalf, and that the team's bicycles would be supplied by Colnago . He indicated that the project was being co-ordinated by the Chinese government via TJ Sport with involvement from a number of Chinese companies including Alibaba , and that its aim was to develop Chinese cycling and riders. When the UCI awarded 17 WorldTour licences to teams in November, it announced that TJ Sport's application
4060-427: The team on TJ Sport's behalf, and that the team's bicycles would be supplied by Colnago . He indicated that the project was being co-ordinated by the Chinese government via TJ Sport with involvement from a number of Chinese companies including Alibaba , and that its aim was to develop Chinese cycling and riders. When the UCI awarded 17 WorldTour licences to teams in November, it announced that TJ Sport's application
4130-660: The team's WorldTour licence on 20 December. In February 2017, the team announced that airline Emirates had signed on with the team as a naming-rights sponsor. The team was subsequently known as UAE Team Emirates. In June 2017, two days before the 2017 Tour de France the team announced it would also be sponsored by the First Abu Dhabi Bank , an amalgamation of the First Gulf Bank and the National Bank of Abu Dhabi , with their logo being added to
4200-461: The team's WorldTour licence on 20 December. In February 2017, the team announced that airline Emirates had signed on with the team as a naming-rights sponsor. The team was subsequently known as UAE Team Emirates. In June 2017, two days before the 2017 Tour de France the team announced it would also be sponsored by the First Abu Dhabi Bank , an amalgamation of the First Gulf Bank and the National Bank of Abu Dhabi , with their logo being added to
4270-641: The total amount of the IPO to $ 25 billion. Alibaba and the underwriters of its IPO were sued in a California superior court in a consolidated class action lawsuit. The lawsuit was filed in October 2015 on behalf of investors who purchased Alibaba's American depositary shares alleging violations of the Securities Act . Alibaba reached a settlement agreement in December 2018, subject to court approval, in which it agreed to pay $ 75 million to settle
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#17328020582494340-547: The world on the Forbes Global 2000 2020 list. In January 2018, Alibaba became the second Asian company to break the US$ 500 ;billion valuation mark, after its competitor Tencent . As of 2022 , Alibaba has the ninth-highest global brand valuation . Alibaba is one of the world's largest retailers and e-commerce companies . In 2020, it was also rated as the fifth-largest artificial intelligence company. It
4410-523: The world's largest and most popular online retail marketplaces, achieved a total transaction volume of 3 trillion yuan (US$ 478.6 billion). The company aims to double the transaction volume to 6 trillion yuan by 2020. As of February 2018 , Taobao reached 580 million monthly active users , while Tmall achieved 500 million monthly active users. It is also rapidly expanding its e-commerce network abroad. Alibaba has also announced that it will invest 100 billion yuan over five years to build
4480-537: Was "under review" by its Licensing Commission. According to Saronni , the reason for the delay was that the head of the TJ Sport project, Li Zhiqiang , had fallen seriously ill, which prevented funding for the project from being confirmed. As a result, the team looked elsewhere for sponsorship, securing funding from the United Arab Emirates and changing its name to UAE Abu Dhabi . The UCI confirmed
4550-409: Was "under review" by its Licensing Commission. According to Saronni , the reason for the delay was that the head of the TJ Sport project, Li Zhiqiang , had fallen seriously ill, which prevented funding for the project from being confirmed. As a result, the team looked elsewhere for sponsorship, securing funding from the United Arab Emirates and changing its name to UAE Abu Dhabi . The UCI confirmed
4620-399: Was being transferred from CGS Cycling to Chinese company TJ Sport Consultation, with the team becoming the first Chinese WorldTour team from 2017. Former Saunier Duval–Prodir team manager Mauro Gianetti was announced as the co-ordinator for the project. In an interview with La Gazzetta dello Sport the following month, Saronni confirmed that he and CGS Cycling would continue to manage
4690-420: Was estimated to be ¥1.5 billion (US$ 235.7 million), which was only about 0.4 percent of their total sales figure of ¥400 billion (US$ 62.9 billion) that year, way below the industry average of 2 percent, according to iResearch estimates. According to Zhang Yu, the director of Taobao, between 2011 and 2013, the number of stores on Taobao with annual sales under ¥100 thousand increased by 60%;
4760-448: Was overseas. In September 2023, Cainiao Smart Logistics Network Ltd., the logistics arm of Alibaba Group, has filed for its Hong Kong initial public offering, potentially making it among the first of the Chinese e-commerce leader's units to go public. The key trends for Alibaba are (as at the financial year ending March 31): Alibaba is viewed by the Chinese government as one of its national champion corporations. Alibaba supplies
4830-446: Was said to have placed the head of Alibaba Group, Jack Ma—who was described as having been furious over the scandal—in a position to personally fight to win back trust. In 2013, Alibaba and six large Chinese logistics companies (including SF Express) established a company called Cainiao for delivery of packages in China. This network gradually grew to 14 local logistics companies in 2014. In 2016, Alibaba's Taobao and Tmall , two of
4900-459: Was thinking Alibaba is a good name. And then a waitress came, and I said do you know about Alibaba? And she said yes. I said what do you know about Alibaba, and she said ' Open Sesame .' And I said yes, this is the name! Then I went onto the street and found 30 people and asked them, 'Do you know Alibaba'? People from India, people from Germany, people from Tokyo and China. ... They all knew about Alibaba. Alibaba—open sesame. Alibaba—40 thieves. Alibaba
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