If You Invested $10,000 in Alibaba's IPO, This Is How Much Money You'd Have Now
Alibaba (NYSE: BABA) is currently China's largest e-commerce, cloud, and digital advertising company, but the tech giant had humble beginnings. Jack Ma, who started his career as an English teacher, founded the company with a team of 17 friends in his Hangzhou apartment 20 years ago.
Its first site, Alibaba.com, was a business-to-business marketplace that let Chinese companies export their products overseas. Its growth led to the launch of Taobao, a consumer-to-consumer marketplace for Chinese shoppers, in 2003. It expanded that ecosystem again with Taobao Mall (Tmall), a business-to-consumer spinoff of Taobao for bigger brands, in 2008.
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Source Fool.com
