Alibaba Group Holding Limited is a holding company that provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses engage with their users and customers more efficiently. The company operates through various platforms offering digital retail marketplaces, cloud services, international commerce, logistics solutions, local services, and digital media and entertainment. Alibaba's diverse operations aim to empower small businesses through digital technology and facilitate commercial and social interactions globally .
- Taobao and Tmall Group - Operates digital retail marketplaces in China, including Taobao and Tmall, and offers consumer-to-consumer and direct sales through platforms like Xianyu, Tmall Supermarket, and Tmall Global .
- Cloud Intelligence Group - Provides a comprehensive suite of cloud services, including infrastructure-as-a-service, platform-as-a-service, and model-as-a-service to customers worldwide .
- Alibaba International Digital Commerce Group - Manages international commerce through platforms such as AliExpress, Trendyol, Lazada, Daraz, and Miravia, and conducts international wholesale business via Alibaba.com .
- Cainiao Smart Logistics Network Limited - Offers global logistics solutions, including express delivery and supply chain services, charging merchants delivery and service fees .
- Local Services Group - Includes "To-Home" services like Ele.me, an on-demand delivery platform, and "To-Destination" services through Amap, a digital maps and navigation provider in China .
- Digital Media and Entertainment Group - Encompasses platforms like Youku, an online video platform, and Alibaba Pictures, focusing on content production, promotion, and distribution .
- All Others - Encompasses various other businesses such as Sun Art, Freshippo, Alibaba Health, Lingxi Games, Intime, Intelligent Information Platform (UCWeb and Quark), Fliggy, and DingTalk .
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
J. Michael Evans ExecutiveBoard | President | Board Member of Barrick Gold Corporation and Farfetch Limited; Trustee of the Asia Society; Member of the Advisory Council for the Bendheim Center for Finance at Princeton University. | Former Vice Chairman of Goldman Sachs, joined Alibaba in 2015, focusing on international business and strategy. | |
Joseph C. Tsai ExecutiveBoard | Chairman | Chairman of Cainiao Smart Logistics Network Limited; Board Member of Taobao and Tmall Group, Alibaba International Digital Commerce Group, and Ant Group. | Co-founder of Alibaba, instrumental in its global expansion and leadership in e-commerce and digital innovation. | |
Eddie Yongming Wu Executive | Chief Executive Officer | Founder of Vision Plus Capital. | Co-founder of Alibaba, held various leadership roles including Chairman and CEO of Taobao and Tmall Group. | |
Jane Fang Jiang Executive | Chief People Officer | None. | Founding team member of Alibaba, held various senior management roles, and became CPO in 2023. | |
Lin Wan Executive | CEO of Cainiao Smart Logistics Network | None. | Joined Alibaba in 2014, leads Cainiao's global logistics and digital transformation efforts. | |
Luyuan Fan Executive | CEO of Digital Media and Entertainment Group | Chairman and CEO of Alibaba Pictures. | Joined Alibaba in 2007, leads the Digital Media and Entertainment Group and Alibaba Pictures. | |
Sara Siying Yu Executive | General Counsel | None. | Joined Alibaba in 2005, became General Counsel in 2020, and is a director of the Digital Media and Entertainment Group. | |
Toby Hong Xu Executive | Chief Financial Officer | None. | Joined Alibaba in 2018, previously Deputy CFO, and has extensive experience in financial management. | View Report → |
Albert Kong Ping Ng Board | Independent Director | Independent Director at Ping An Insurance, Beijing Airdoc Technology, China International Capital Corporation, and Shui On Land Limited. | Former Chairman of Ernst & Young China, joined Alibaba as an independent director in 2022. | |
Irene Yun-Lien Lee Board | Independent Director | Executive Chairman of Hysan Development Limited; Independent Non-Executive Chairman of Hang Seng Bank Limited; Independent Non-Executive Director of HSBC. | Experienced financial services executive, joined Alibaba as an independent director in 2022. | |
Jerry Yang Board | Independent Director | Founding Partner of AME Cloud Ventures; Independent Director at Workday Inc.; Trustee of Stanford University. | Co-founder of Yahoo!, joined Alibaba as an independent director in 2014. | |
Kabir Misra Board | Independent Director | Managing Partner at RPS Ventures; Independent Director at PayActiv, Stratim Cloud Acquisition Corp., and Cargomatic. | Former SoftBank executive, joined Alibaba as a director in 2020 and became an independent director in 2023. | |
Wan Ling Martello Board | Independent Director | Founding Partner of BayPine; Director at Uber Technologies, Inc. and Stellantis N.V.. | Former Nestlé executive, joined Alibaba as an independent director in 2015. | |
Weijian Shan Board | Independent Director | Executive Chairman of PAG; Trustee of the British Museum. | Founder of PAG, a leading private equity firm, and author of several books on finance. |
- Given that competitors are reducing their take rates to attract more merchants, how does Alibaba plan to balance increasing its take rate through software service fees and marketing tools like Transient with the potential risk of losing merchants to platforms offering lower costs?
- With significant investments in AI infrastructure and cloud services increasing capital expenditures, how will Alibaba ensure a strong return on investment, especially considering the uncertainty around future AI demand and the competitive landscape?
- Despite recent price reductions in cloud services to attract new users, how does Alibaba plan to sustain profitability in its cloud business, and what strategies are in place to mitigate margin pressures in the face of intensified competition?
- You have high expectations for user growth after introducing interoperability with WeChat Pay on Taobao and Tmall. Can you share specific timelines or targets for this growth, and what strategies are in place to convert these new users into long-term active consumers?
- The Singles Day promotions this year relied heavily on platform-funded discounts, which could impact short-term profitability. How does Alibaba justify this approach in terms of long-term financial performance, and what are the expected effects on margins if such strategies need to be sustained to remain competitive?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Shenzhen 4PX Information and Technology Co., Ltd. | 2024 | Alibaba converted RMB400 million in convertible loans in October 2024 to acquire an additional 6% equity interest, making Shenzhen 4PX a consolidated subsidiary; the company provides global cross-border e-commerce supply chain services. |
Moonshot AI Ltd | 2024 | Alibaba invested approximately US$0.8 billion (RMB5.9 billion) for a 36% equity interest in Moonshot AI Ltd through a preferred stock transaction, with the investment accounted for using the measurement alternative. |
Damai | 2023 | Alibaba Pictures acquired Damai on September 19, 2023 to leverage its leading position in the offline performance market, which saw triple-digit GMV growth and strategic collaborations with platforms like Youku. |
Sun Art | 2020 | Alibaba increased its stake in Sun Art by acquiring additional effective equity interests in October and December 2020 for a total consideration of RMB46,695 million, resulting in significant goodwill and intangible asset recognition while integrating its online and offline retail strategy. |
Recent press releases and 8-K filings for BABA.
- Alibaba Group Holding Limited reported daily changes in its issued shares and treasury shares, primarily driven by share repurchases on the New York Stock Exchange for cancellation.
- On July 15, 2025, the company cancelled 7,320,992 shares that were repurchased between June 27 and July 11, 2025, at an average price of USD 13.64.
- From July 11 to July 17, 2025, Alibaba repurchased a total of 3,552,976 shares for cancellation on the NYSE, with daily aggregate costs ranging from approximately USD 9.97 million to USD 9.99 million.
- The company also issued 1,686,051 new shares on July 16, 2025, under its 2014 Post-IPO and 2024 Equity Incentive Plans.
- These repurchases are conducted under a mandate from August 22, 2024, which authorizes the repurchase of up to 1,874,327,393 shares.
- Alibaba-backed generative AI startup MiniMax has confidentially filed for an initial public offering (IPO) in Hong Kong, with an estimated valuation of $3 billion to $4 billion.
- This IPO is part of a broader surge in tech listings on the Hong Kong Stock Exchange, facilitated by regulatory reforms such as the new Technology Enterprises Channel that lowers listing barriers for pre-revenue firms.
- Alibaba's $53 billion three-year commitment to AI and cloud infrastructure provides significant financial and technical support to MiniMax, which leverages Alibaba Cloud's global GPU networks.
- MiniMax plans to launch text-to-video tools by Q3 2025, targeting the $12 billion AI content creation market.
- Alibaba Group Holding Limited reported daily share repurchases on the New York Stock Exchange from July 7 to July 10, 2025, as detailed in its 6-K filing on July 11, 2025.
- During this period, the company repurchased a total of 3,009,120 ordinary shares for cancellation, with an aggregate cost of approximately USD 39.95 million.
- As of July 10, 2025, the total number of shares repurchased under the mandate granted on August 22, 2024, reached 345,293,968 shares, representing 1.84% of the issued shares as of the mandate date.
- Alibaba Group is pricing a private offering of HK$12.023 billion aggregate principal amount of Zero Coupon Exchangeable Bonds due July 9, 2032.
- The Bonds are exchangeable for ordinary shares of Alibaba Health Information Technology Limited (AH Shares), with an initial exchange price of HK$6.23 per AH Share, representing a 48% premium over the Delta Placement price.
- The estimated net proceeds of approximately HK$11.9 billion will be used for general corporate purposes, including investments to support the development of Cloud infrastructure and international commerce businesses.
- Alibaba Group Holding plans to invest 50 billion yuan ($7 billion) in subsidies over the next 12 months to bolster its food delivery and online retail sectors.
- These subsidies, distributed through its Taobao platform via digital 'red envelopes' and discounts, are intended to stimulate consumption amidst a sluggish economic environment in China.
- The initiative aims to strengthen Alibaba's market position against competitors such as PDD Holdings, Meituan, and JD.com.
- Alibaba's CEO Eddie Wu is also emphasizing a strategic pivot towards artificial intelligence to drive future growth.
- Alibaba Group is significantly expanding its cloud infrastructure in Southeast Asia, with a third data center opened in Malaysia and a second planned for the Philippines by October.
- The company is investing $53 billion over three years in cloud and AI technologies, including establishing an International Competence Center in Singapore to accelerate AI adoption for over 5,000 enterprises and 100,000 developers.
- These investments have strengthened returns for Alibaba's Cloud unit but have also compressed profit margins, though the company intends to maintain capital expenditures.
- Alibaba is developing standalone products around its Tongyi Qianwen AI model and expanding its global cloud network with infrastructure investments in countries like Thailand, Mexico, and South Korea.
- Alibaba Group Holding Limited repurchased US$805 million worth of shares, equivalent to 7 million ADSs, during the quarter ended June 30, 2025.
- As of June 30, 2025, the company had 2,319 million ADSs outstanding, a net increase of 10 million ADSs compared to March 31, 2025, primarily due to the issuance of ESOP shares.
- The remaining Board authorization for Alibaba's share repurchase program was US$19.3 billion as of June 30, 2025, and is effective through March 2027.
- Alibaba Group Holding Limited filed a 6-K on June 27, 2025, detailing daily share repurchase activities on the New York Stock Exchange.
- From June 20, 2025, to June 26, 2025, the company repurchased a total of 3,499,200 ordinary shares for cancellation, with an aggregate price paid of approximately USD 49.94 million.
- As of June 26, 2025, Alibaba had repurchased 338,722,576 shares under the repurchase mandate granted on August 22, 2024, representing 1.81% of its issued shares as of that date. The total number of shares authorized for repurchase under this mandate is 1,874,327,393.
- Alibaba Group has significantly reshaped its leadership structure, reducing its longstanding partnership body from 26 to 17 members and emphasizing a younger core management team.
- Jiang Fan, the 39-year-old head of Alibaba's core e-commerce businesses, has been elevated to the powerful five-member Partnership Committee.
- Key departures from the partnership include former CEO Daniel Zhang Yong and nine executives and company veterans, such as co-founders Trudy Dai Shan and Lucy Peng Lei.
- These leadership changes align with Alibaba's strategic pivot toward artificial intelligence and global expansion, seeking to drive renewed growth.
- Financially, Alibaba reported a 6% revenue increase to 996.4 billion yuan and a 77% jump in net income, underscoring the company's growth momentum amid these organizational changes.
- The report, filed on May 23, 2025, discloses that the total issued shares remain at 19,087,988,380 despite various share events reported between May 16 and May 23, 2025.
- Multiple repurchase transactions on the New York Stock Exchange are detailed, with executed share volumes ranging from 636,800 to 658,400 shares at prices between USD 15.18 and USD 15.93.
- The document also reports the issuance of 8,676,400 new shares for RSU vesting under the 2014 Post-IPO Equity Incentive Plan, reflecting adjustments in the share capital.