Alibaba Group operates the world's largest e-commerce ecosystem through Taobao, Tmall, and AliExpress, processing $1.26 trillion in gross merchandise volume (GMV) annually. This GMV is 8% higher than Amazon's total retail revenue, and its Singles' Day shopping festival alone generated $98 billion in GMV in 2023 — making it the largest shopping event in history by a wide margin, outperforming JD.com's entire annual revenue by $37 billion. Founded by Jack Ma in Hangzhou, China in 1999, Alibaba connects millions of sellers to over 1 billion active buyers globally.
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