Jack Ma establishes the Chinese online business Alibaba in 1999.
Alibaba Group Holding Limited, or Alibaba, is a Chinese multinational technology company that specialises in e-commerce, retail, the Internet, and technology. The company, which was founded on April 04, 1999 in Hangzhou, Zhejiang, provides consumer-to-consumer (C2C), business-to-consumer (B2C), and business-to-business (B2B) sales services through web portals, as well as electronic payment services, shopping search engines, and cloud computing services. It owns and operates a diverse portfolio of companies in a variety of business sectors around the world. In 1999, Jack Ma founds the Chinese online retailer Alibaba.
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