The founder of Alibaba, Jack Ma, named the company Alibaba because he felt that people all over the world would recognize the story of Alibaba, and that there were similar pronunciations in most languages. E-commerce is a global business, so we needed a name that would be familiar to people around the world. Alibaba means "Open Sesame," a reference to the fact that our platform opens the door to wealth for small businesses.

The Alibaba Group operates a number of businesses, and is also supported in its business ecosystem by the businesses and services of its affiliates. Businesses and affiliates include Taobao, Tmall, Juhu, Global Express, Alibaba International Marketplace, 1688, Ali-Mom, Aliyun, Ant Financial Services, and Cainiao Network.

On September 19, 2014, Alibaba Group was officially listed on the New York Stock Exchange under the ticker symbol "BABA", with Jack Ma as the founder and chairman of the board.

July 19, 2018, the global synchronization of the Fortune 500 list was released, Alibaba Group ranked 300th.

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