Alibaba History
Alibaba Group was founded in 1999 by 18 people led by Jack Ma, a former English teacher from Hangzhou, China. It began as an online wholesale marketplace for small Chinese exporters and entrepreneurs to reach global buyers. Jack Ma chose the name because it is well-known around the world and it can be easily pronounced in many languages. E-commerce is global so we needed a name that was globally recognized. Alibaba brings to mind "open sesame," representing that our platforms open a doorway to fortune for small businesses.Please watch the video for Facts about Alibaba you should know: