Business Chief APAC+ANZ Magazine August 2020 | Page 107

CEO

YONG ZHANG

101,958

NUMBER OF EMPLOYEES

HQ

SHENZHEN CHINA
107

03 Alibaba

RETAIL & ECOMMERCE

Alibaba Group was founded by Jack Ma in 1999 and has since become a world leader in e-commerce and modern retail . Having popularised the concept of New Retail , the idea that brick-andmortar stores must digitise and complement ecommerce operations , Alibaba has exerted considerable influence over the course of retail transformations around the world . Alibaba is the biggest retailer and ecommerce platform worldwide , and invests much of its wealth in the development of new technologies and pioneering startup operations . Its Alibaba , Taobao and Tmall platforms lead the world in B2B , C2C and B2C marketplaces respectively . businesschief . asia