Facts You Should Know About Chinese E-Commerce Giant Alibaba

Chinese e-commerce giant Alibaba began trading on Friday September 19, 2014 on the New York Stock Exchange under the ticker BABA. The company was founded by Jack Ma in 1999 in his apartment in Hangzhou, China. Now, Ma is the 2nd richest person in China with a net worth of $23.5 billion. Alibaba Group includes a shopping search engine, online retail and payment services and cloud computing services. The company employs nearly 35,000 people -- that's more than Facebook and Yahoo combined. Japan's SoftBank and Yahoo are among the top shareholders in Alibaba. Yahoo's stake is worth about $28 billion.