Alibaba is back on investors' minds as the Chinese conglomerate prepare for it's November 11 Singles Day Event. While sales are expected to be huge, fears of a slowdown have begun to emerge.
Before you worry about the future, take a trip into the past.
- Alibaba, named after the character from Arabian Nights, was founded in 1999 by Jack Ma and reached profitability by 2001.
- In 2014 it's IPO was the biggest in history and by 2017 it became the first Chinese company to reach a $400 billion market cap.
- Some of their products include: Alipay, AliExpress, Taoboa, Yahoo China, and many more.