Alibaba Group Holding Limited

Alibaba Group Holding Limited

WKN: A2PVFU / ISIN: KYG017191142

Stock exchange: NYSE
Sector: Miscellaneous
Industry: Business Services

T. Rowe Price Associates, Inc. (Investment Management)1.27%
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Alibaba Group Holding Limited is a company based in Hangzhou, China. It was founded by the former English teacher Jack Ma in 1999 and operates among other things. the B2B platform of the same name,, and the online auction house Taobao. According to the company, it is the largest IT group in China.

Alibaba also owns a 33% stake in Ant Group, a large fintech company in China that operates Alipay, which handles more than half of third party payments in China. claims to have a customer base of more than 53 million users from over 240 countries and regions. Small and medium-sized companies in particular use the platform for trading in Asian countries. According to estimates by the US market research company Forrester Research, goods worth 240 billion dollars were traded via Alibaba in 2013. In Europe, Alibaba is particularly important for imports from China.