Alibaba

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Alibaba
Alibaba.jpg
Founded 1999
Headquarters Hangzhou, China (Global)
Key People Jack Ma
Employees 35,000 - 50,000
Products Alibaba Online Marketplace
Twitter @AlibabaGroup
LinkedIn Group Profile
Facebook AlibabaUS
Website Alibaba Home
Blog Agla Blog

Alibaba is an e-commerce, retail, AI, data, and technology company based in Hangzhou, China.[1]

Background

Alibaba was founded in 1999 by Yung Tsai and Jack Ma.[2] It is one of the top-performing retail businesses in China. While the company is similar in many ways to Amazon.com, Alibaba often outperforms Amazon on the international market.[3][4]

Cryptocurrency

Although Alibaba and TRON (TRX) currently have no official affiliation, certain notable individuals on the TRON team, including TRON's creator Justin Sun are known to have prior relationships with Alibaba. Justin Sun allegedly has a long-standing personal relationship with Alibaba's current CEO and co-founder, Jack Ma.[5] Sun was the first millennial graduate of Hupan University, an educational institution founded by Ma.[6] He also describes himself as Jack Ma's "protégé" on his Linkedin page.[7] Additionally, Alibaba's former chief data mining expert Zhao Hong joined the TRON team in late 2017.[8]

Alibaba bid a preliminary injunction to block the Dubai cryptocurrency firm Alibabacoin Foundation in a U.S. court, to prevent them from using the name "Alibaba," claiming that use of the name caused it and its consumers damages related to mistaken affiliation with the cryptocurrency "Alibabacoin." A New York judge threw it out, saying Alibaba did not show the court had jurisdiction, as they had failed to establish reasonable probability that Alibabacoin's websites were used to conduct business in New York, and that any damages this may have happened as a result of brand confusion likely happened in China, not the U.S.[9]

Blockchain

Alibaba has been publicly engaged with blockchain-inspired projects since 2016.[10] Recently, the company unveiled a blockchain project to help prevent food fraud.[11]

On October 4, 2018, the U.S. Patent and Trademark Office (USPTO) published the patent application submitted by Alibaba for a blockchain-based transaction system. The project, currently titled "BLOCKCHAIN-BASED TRANSACTION PROCESSING METHOD AND APPARATUS," was originally submitted in March of 2017, though it wasn't filed until March 2018. The application describes a system in which smart contracts are used to carry out efficient administrative intervention, or rule enforcement by "a government agency or a trustful institution," against accounts associated with illegal activity. Currently, such an operation is supported by existing, widely-adopted blockchain platforms without restricting other users' transactions as well.[12][13]

Allegations of Sexism

Alibaba is among several Chinese companies that have been criticized for discriminatory and misogynistic hiring practices. It has released public-run ads aimed at recruiting programmers in the past that featured attractive female actors talking about how their ideal man knows how to code. Other reports revealing requirements for female employees based on physical appearance have been released as well.[14][15]

References