Ali Baba (BABA), the global volume leader in the e-commerce industry, launched a record $25 billion IPO in September 2014. The company’s IPO in New York set a record as the largest public offering of shares in the world. The company is compared to Amazon, eBay, PayPal and Google all rolled into one.
Alibaba has become one of The biggest Chinese companies, with great influence in the world. It took control of China’s e-commerce market first, with 47.1% of online retail sales in China going through the company in 2021. It offers a suite of products for storefronts that want to compete in the e-commerce market. The Company’s main business segments include Mobile Media and Entertainment, Cloud Computing and Core Commerce, and other developing initiatives.
Key points to remember
- Alibaba, one of the largest companies in the world, went public in September 2014 with a then-record $25 billion.
- The company is a China-based global e-commerce platform.
- Alibaba co-founder Jack Ma is no longer the company’s largest shareholder, having retired from the company in 2019.
- Joseph Tsai, co-founder of Ma at Alibaba, is SoftBank’s second largest shareholder.
- Jack Ma, Goldman Sachs and Primecap complete the top five shareholders.
Alibaba co-founder and chairman Jack Ma was the company’s largest individual shareholder for many years. In 2020, Ma relinquished much of his stake in Alibaba at the request of the Chinese government. In the early 1990s, Ma made China lacked technology in the business world. He founded China Pages, one of China’s first Internet companies, which created a business website and then worked for a Chinese government-backed Internet company. It wasn’t until 1999, however, that he decided to strike out on his own and co-founded Alibaba.
The company first developed its name in China before going global. In 2005, the company caught the eye of Yahoo!, which took a majority stake in the company. According to Forbes, Ma has a net worth of $23.1 billion and is one of the richest people in the world. He also has a stake in Chinese media and entertainment company Huayi Brothers.
Here is from Alibaba top five individual and institutional shareholders in Q3 2022, unless otherwise noted.
SoftBank’s stake in Alibaba is about 24% of the company; it is the main shareholder of Alibaba. SoftBank invested $20 million in Alibaba in 2000 when it was a fledgling startup. In fact, SoftBank founder and CEO Masayoshi Son was the one who bought Alibaba.
SoftBank’s stake in Alibaba is now worth nearly $57 billion. SoftBank sold part of its stake in 2019, making more than $11 billion in pretax profits. Then, in July 2020, the company reportedly sold another $2.2 billion of its stake in Alibaba. However, the deal is not expected to close until June 2024.
2. Jack Ma
Jack Ma is the co-founder of Alibaba and former executive chairman. In 2019, Ma retired as executive chairman of the company. It has been reported that his decision to step back from his official role with the company was so he could focus more on his philanthropic endeavors.
In 2020, Ma reduced his stake in Alibaba from 6.2% to 4.8%. Alibaba did not disclose the average selling price of Ma’s investment, although the company’s share price has risen significantly in recent years, and especially in the past year, as more and more people have been forced to buy their essentials online during the COVID pandemic. .
3. Joseph Tsai
Alibaba co-founder and vice-chairman Joseph Tsai is the company’s third-largest shareholder, with 1.4% of shares outstanding. Tsai is a Taiwanese-Canadian businessman who met Ma while working for the Hong Kong branch of an investment firm.
Tsai quit her high-paying job so the two could work together to create the online import-export marketplace that would eventually become Alibaba. According to Forbes, Tsai’s net worth is $8.5 billion. He also owns the Brooklyn Nets NBA basketball team and has two degrees from Yale.
4. Goldman Sachs
Goldman Sachs is a global investment bank and asset management company founded in New York in 1869. It offers a range of services, including funds, account management, pension plans and advisory services for individuals, businesses and other institutions. Goldman owns 0.84% of Alibaba, as of the first quarter of 2022, worth around $2 billion.
5. Primecap Management.
Alibaba’s fifth largest shareholder is Primecap, which owns approximately 0.64% of BABA’s total outstanding shares. Primecap manages equity portfolios for mutual funds and other institutional investors with approximately $154 billion in assets under management in Q1 2022.
Who is Alibaba’s largest shareholder?
Japan’s SoftBank is said to be BABA’s biggest shareholder, owning around 24% of the company. His stake was once bigger and there are rumors that he could sell even more in the near future.
Is Alibaba bigger than Amazon?
Amazon is bigger. In terms of market capitalization, Amazon’s $1.4 trillion value is more than five times larger than BABA’s $251 billion. Amazon’s revenue also overtook Alibaba by about 4 times in 2021.
Is Alibaba listed in the US?
Alibaba is a Chinese company with ADR listed on US stock exchanges under the symbol BABA.
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