Story of Alibaba.Com, World's Largest B2B Marketplace

Contributed by: Anonymous
July 21, 2021


Success story of Alibaba starts with its founder Ma Yun a.k.a. Jack Ma. Jack Ma was born in lower middle-class family in Hangzhou district in China and during and after his Bachelor's degree, Jack tried and failed to get a job at a multitude of places. After spending three years to get into a University, Jack failed to land a job after applying to them 30 times! He recollects in his interview, "When KFC came to China, 24 people went for the job. Twenty-three people were accepted. I was the only guy who wasn't."

Also, on his Entrepreneurial undertakings, Jack Ma went on to fail on two of his initial ventures. But that didn’t stop him in any way of dreaming bigger. During his visit to US in 1995, he got introduced to internet and computers for the first time and it was that time, he decided to venture into E-commerce from China where it was almost non-existent at that time.


In 1999, after having left his last government job, Ma gathered a group of 17 of his friends and pitched the idea of an online marketplace for small and medium-sized businesses. To secure funding for this venture, Ma travelled to the US once again, this time to Silicon Valley to pitch his idea. But he faced a familiar obstacle as his idea was rejected and criticized as being unprofitable and unsustainable. Through persistence, Ma was eventually able to secure funding of $US 5 million from Goldman Sachs and $US 20 million from Softbank. The company started from his apartment in Hangzhou and with two websites (B2B marketplace) and (B2C marketplace).


Within 3 years of launch, Alibaba has crossed 1 million users and getting positive in their cash flow. But soon after two years, in 2003, they had to face to deadly SARS epidemic and strong economic crisis. But under the leadership of Jack Ma, the company stood strong and even found new business opportunities to launch another marketplace, Taobao. 2004 was a remarkable year for Alibaba when they raised their second round of investment of $US 82 million from various first-tier investors in the Internet sector. Also, in this year, the company took two major steps. It introduced Aliwangwang, an instant messaging tool, for the website of Taobao Marketplace. Also, Alipay, a third-party payment solution associated with Alibaba came up.

In 2005, Alibaba came up in a partnership with Yahoo and took control of the China Yahoo operations. In the year next, the setup for the public offering of the Hong Kong Stock Exchange Main Board was complete & Alimama was launched which is an online platform for marketing technology. In 2008, Alibaba launched the famous Tmall and also came up with their first cloud. Within 2 years, they launched AliExpress that helped various Chinese exporters to deal with the worldwide consumers directly. In May’2010, Alibaba stated that it will spend about 0.3% of its total revenue on environmental awareness and also its conservation across the world.


After 14 years of launch, Jack Ma stepped down as CEO of Alibaba in 2013. He is succeeded by Jonathan Lu, Ma's hand-picked successor. In 2014, Alibaba grows to become the largest online commerce platform for small businesses. The same year the company goes public, with a $25 billion IPO and a new trading price of $68 per-share -- beating big technology stalwarts like Facebook (FB) and Google. By 2019, Jack Ma makes good on his pledge to walk away from Alibaba. He does so in September 2019 and is succeeded by Daniel Zhang, now the current chief executive officer at Alibaba.

By this time, Alibaba was smashing new e-commerce records. Its mobile user base had grown to 1.1 billion while revenues had grown by 42%. The site now boasts 674 million active monthly users and represents (as of year-end 2018) 60% of the entire Chinese e-commerce market. Jack Ma is now officially the richest man in China with an estimated net worth of $US 25 billion. Alibaba is worth more than Facebook and process goods more than eBay and Amazon combined.

Copyright © 2023 AlCircleBiz All Rights Reserved.

  • worldpay

'Most searched' on AlCircleBiz

Raw Materials and Consumables:

Magnesite | Fluorspar | Propeller Scrap | Tin Brass Scrap | Gun Metal Scrap | Honey Brass Scrap | Silicon Metal 2202 | Silicon Metal 3303 | Silicon Metal 421 | Silicon metal 441 | Silicon metal 553 | Silicon Metal | Silicon metal 553 | Silicon metal 441 | Silicon metal 3303

Primary Aluminium:

Aluminium Ingots | Aluminium Scrap | Aluminium Ingot | Aluminium Alloy Ingot | Copper Billets | Aluminium Billets | ADC12 Ingot | Primary Aluminium Ingots

Machinery and Equipment:

Heat Sink | Dust Suppression & Control System | Alumina / Fly Ash / Lime Tanker | Y81-200 Metal Baler | Q91Y-360 Guillotine shear | Anode Transfer Vehicle - ATV | Crushed Bath Tanker

Aluminium Products:

Aluminium Scrap 6063 | 3004 Aluminium Foil | Aluminium powder | House on Wheels Interior | Radiator Door | Aluminium Caul Board | Aluminium Coil | Aluminium Corrugated Sheet | Aluminium Chequered Sheets | Aluminium Sheets | Aluminium Scrap 97 Purity

End User:

Screw Module Series | Aluminium Die- Casting | Aluminium Medical Equipment Profile | Led Aluminium Profile | Mobile frame series | Electronic Series | Chamber series | Bike Accessories | Aluminium Tope | Aluminium Circle | Aluminium Extrusion | Standard Geometric Profiles

Utility and Services:

Logistics Services | Equipment Assessment Service | Material Audits & Valuation Service | Remelting of Aluminium Scrap Service | Cable Recycling Service | Warehousing and Distribution Service | Sea Freight Service

Surplus Products:

Chlorine Supply Unit | Aluminium Extrusion Plant | MCT 160 Horizontal Double Spindle Machining Center

Aluminium Buying Leads:

Aluminium Ingot | Aluminium Ingot A7 | Aluminium Scrap 6063 | Low Purity Secondary aluminium Ingot

Aluminium Selling Leads:

Chlorine Supply Unit | Aluminum Cables | Aluminium ADC12 Ingots | High Quality Aluminium Extrusion Profiles


Hindalco Brasil | RIA Cast House Engineering | Prodigo Metals Recovery | Ceraflux India Pvt. Ltd. | Madina Metal | Hensfate Metal | Automation Innovation | Teeba Metals Trading LLC


Founded in 2019 and based out of Singapore, AlCircleBiz is the world's 1st online B2B marketplace for the global aluminium industry, connecting businesses. One of the biggest USPs of AlCircleBiz is – it covers the entire aluminium value chain i.e., from - raw materials and consumables, primary aluminium, equipment, aluminium products, scrap, technology, service providers – bringing everything under one roof.

When you register on AlCircleBiz, you can post business leads, get to explore all listed products and services and can send enquiries directly to the sellers. When you onboard as a registered seller, you can list unlimited products/services to get new customers & grow your business in the domestic as well as international aluminium industry.


Raw Materials and Consumables

Find quality & verified aluminium raw materials and consumables suppliers, manufacturers, exporters, importers and buyers around the world. Get contact details and address of companies & reach out to them through online enquiries. From Propeller Scrap, Tin Brass Scrap, Gun Metal Scrap, Honey Brass Scrap, Silicon Metal 3303 and more. Discover sellers like Xiamen JCX Import And Export Co.Ltd, Al-Azeem Enterprises, Madina Metal and more.

Primary Aluminium

Find Primary aluminium manufacturers and suppliers. Choose reliable and genuine primary aluminium manufacturers, suppliers, exporters at AlCircleBiz. Aluminium Ingot, Billet, Alloy Bar latest price from sellers like RADIANTA ALLOYS PVT. LTD., Shayona Impex, Silver Rush Exim and more.

Machinery and Equipment

Find quality aluminium machinery and equipment, suppliers, manufacturers, exporters, importers and buyers around the world. Send enquiries on aluminium machinery and equipment products to get price quotes and other information.

Aluminium Products

Find quality & verified aluminium products suppliers, manufacturers, exporters, importers and buyers around the world. Latest price on aluminium products. Get contact details and address of companies manufacturing and supplying aluminium products.

End User

Find quality aluminium end user product suppliers, manufacturers, exporters, importers and buyers around the world. Get contact details and address of companies manufacturing and supplying aluminium end user products.

Utility and Services

Find all different kinds of aluminium utility and services providers around the world at AlCircleBiz. Get contact details and address of companies providing utility and services for the aluminium industry.

Surplus Products

SURPLUS, a unique feature of AlCircleBiz, to help you sell any unused assets, with customized and dedicated marketing to attract immediate customer needs. If you have any unused product, raw materials, scrap or used equipment or machinery and you want to sell it off, then you can get verified enquiries from potential customers by availing this SURPLUS feature.

Aluminium Business Leads

Both sellers and buyers can post business leads for any specific requirements & can choose to respond to other active business leads.

Post Buying and Selling leads at AlCircleBiz is easy, fast & super affordable! We follow an authentic online method of reaching a niche audience and once you have posted a lead, you can get an unlimited number of responses against your lead. These business leads cover the entire aluminium value chain that includes Raw Materials and Consumables, Primary Aluminium, Machinery and Equipment, Aluminium Products, End User, Utility and Services and Surplus Products.


The in-house team of experts at AlCircleBiz is trained to check and verify the authenticity of online presence of all their registered sellers and business leads, hence you get a list of reliable product suppliers and only verified leads.


Registration on AlCircleBiz is FREE. With Registration, you get the following benefits -
- Explore AlCircleBiz platform to get connected with global sellers and buyers
- Check out all products/services & send unlimited enquiries directly to the sellers
- Post unlimited buying and selling requirements as Business Leads
- Get responses from potential customers against your posted Lead (First 10 responses in one year are free)
- Check out other active Business Leads and respond directly to the clients at No Cost - Unlimited Responses

If you onboard yourself as a registered seller for FREE, you get the following additional benefits
- Get free company profile page on AlCircleBiz website
- List unlimited number of products/services
- Get enquiries directly in your Inbox from potential clients (First 10 enquiries in one year are free)

We also have many paid offerings - like MyBiz, Surplus, Advertisement Solutions etc.

Visit us at:


Global marketplace for the
entire aluminium value chain.