Alibaba Group

Definition: Alibaba Group is a multinational conglomerate of e-commerce, technology, and internet-based businesses headquartered in China. Founded by Jack Ma and his associates, it has become one of the world's largest and most influential e-commerce and technology companies. Alibaba Group operates various platforms, including the well-known Alibaba.com and Taobao, which connect businesses and consumers in the global marketplace.Explanation: Alibaba Group's core businesses include e-commerce, cloud computing, digital entertainment, and other innovative technologies. It operates a wide range of services, such as Alibaba.com (a global B2B platform), Taobao (a popular C2C and B2C online shopping platform), Tmall (a premium e-commerce marketplace), and Alipay (a leading digital payment service). The company has played a significant role in shaping China's e-commerce landscape and expanding its influence internationally. It continues to drive innovations in the e-commerce and technology sectors, making Alibaba Group a prominent player in the global digital economy.