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Summary
Jack Ma started Alibaba in an apartment with 18 others in 1999. Since then, his company has gone on to be one of the most successful internet companies in China.
What You Need To Know
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Background
Alibaba
Singles' Day
Ant Group
In Numbers
Date of retirement
10th September 2019
Jack Ma stepped down as Alibaba’s executive chairman in 2019 after being the face of the company for two decades
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Singles' Day sales 2020
US$75.8 billion
The 11-day gala in 2020 generated US$75.8 billion of gross sales, breaking 2019's record by 26 per cent
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Alibaba’s IPO price
US$92.7
Alibaba’s Wall Street debut in 2014 was the world’s biggest ever IPO. It made Jack Ma China’s richest man
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