Company Background Case Study Example | Topics and Well Written Essays - 750 words

Company Background - Case Study Example ar 2002, the company experienced a breakthrough when it handled about 1.1 trillion Yuan, which is about $170 billion in sales (Du, Jian, et al, 2034). The majorly operates in the people’s republic of China. During its initial public offering (IPO), the company was valued at US$231 billion. After Hong Kong regulators deal with Alibaba could not be reached, the company sought an initial public offering in the US. Planning of the IPO was done for over twelve months before September 2014. The initial IPO pricing raised about US$21. 8 billion, which later added to about 25 USD. Since china forbids foreign ownerships, people were not able to purchase actual shares in the groups, but those of the Caymans island shell corporation. Alibaba has various companies and affiliate entities responsible for its exponential growth. To begin with, is Alibaba.com; is the mother company of Alibaba and forms the largest business to business online trading in the world of small-scale business. The Alibaba.com has three main services that include the English portal of the company that takes care of sales between exporters and importers from about 240 regions and countries in the world. Besides, the company has a chines portal 1688.com that was created specifically for the local business-to-business sales in China. Furthermore, the company Alibaba.com provides its users with a transaction base retail site called AlieExpress to allow people buy goods in small scale using the wholesale prices. In the Hong Kong stock exchange, the Alibaba.com went public in 2007 only to be delisted five years later. A year after in 2013, the aliaba.com sets up ad launched a direct channel that is in charge of over $30 million worth of transactio ns daily (Oberholzer-Gee, Felix, and Julie, 23). Taobao provides the largest consumer-to-consumer online shopping platform in China. It was created in the year 2003 providing numerous retail products. Taobao market place was the second most visited site by the end