Alibaba Group Holding Limited (Extended Hours)Alibaba Group Holding Limited (Extended Hours)Alibaba Group Holding Limited (Extended Hours)

Alibaba Group Holding Limited (Extended Hours)

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Alibaba Group has launched a new e-commerce unit, combining Taobao and Tmall. The company reported a 1.4% sales increase in domestic e-commerce, totaling 98.99 billion yuan ($13.66 billion) in Q2.
Alibaba Group has combined its e-commerce platforms into the Alibaba E-commerce Business Group, merging its domestic Chinese operations with international ones, according to a stock exchange filing.
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About Alibaba Group Holdings Ltd.


Alibaba Group Holding Ltd engages in providing online and mobile marketplaces in retail and wholesale trade. It operates through the following business segments: Core Commerce; Cloud Computing; Digital Media & Entertainment; and Innovation Initiatives and Others. The Core Commerce segment comprises of platforms operating in retail and wholesale. The Cloud Computing segment consists of Alibaba Cloud, which offers elastic computing, database, storage and content delivery network, large scale computing, security, management and application, big data analytics, a machine learning platform, and other services provide for enterprises of different sizes across various industries. The Digital Media & Entertainment segment relates to the Youko Tudou and UC Browser business. The Innovation Initiatives and Others segment includes businesses such as AutoNavi, DingTalk, Tmall Genie, and others. The company was founded by Chung Tsai and Yun Ma on June 28, 1999 and is headquartered in Hangzhou, China.

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