Alibaba Group

Alibaba Group is a privately owned Hangzhou-based family of Internet-based E-Commerce businesses that cover business-to-business online marketplaces, retail and payment platforms, shopping search engine and data-centric cloud computing services. In 2012, two of Alibaba’s portals together handled 1.1 trillion yuan ($170 billion) in sales, more than competitors eBay and Amazon combined. The company primarily operates in the People’s Republic of China. The company is estimated to have a valuation between $55 billion to more than $120 billion.