Alibaba Group Holding, China’s biggest e-commerce company, had 124,320 full-time employees as of March 2025, nearly 80,000 fewer than the previous year. The decrease in the number of employees was mainly a result of the sale of Sun Art. Alibaba is the second most valuable internet company listed in China and among the largest in terms of revenue. What is Alibaba Group? The company was founded in Hangzhou, China, in 1999 by a group of people led by a former English teacher, Jack Ma. It started as an online platform helping small Chinese businesses to reach global buyers. Alibaba Group went public in September 2014 and broke all records with a total IPO of 25 billion U.S. dollars. Today, the company operates a number of e-commerce, retail, internet service, and fintech-related businesses all around the world. It is best known for its Alibaba.com B2B e-commerce platform (including 1688.com and AliExpress.com segments), C2C marketplace Taobao, B2C online retail platform Tmall, and online payment platform Alipay. Who are Alibaba’s employees? As of the beginning of 2020, Alibaba had more employees than Yahoo and Facebook combined. The majority of them were based in China. As of 2019, over one-third of Alibaba’s senior management were female, and around 45 percent of all staff were under 30 years old. In 2023, Eddie Wu, who is one of the co-founders of the company, replaced Daniel Zhang in the role of Alibaba's CEO and executive chairman. Every year on May 10, Alibaba Group celebrates Employee Appreciation Day. All employees, also called Aliren, bring their families to the company campus for an all-day carnival.
https://www.trueInsightsreports.com/privacy-policyhttps://www.trueInsightsreports.com/privacy-policy
The public cloud market, valued at $600 million in 2025, is experiencing robust growth, projected to expand at a compound annual growth rate (CAGR) of 16.3% from 2025 to 2033. This expansion is driven by several key factors. Increasing digital transformation initiatives across diverse sectors, including IT and telecommunications, retail and e-commerce, healthcare, and media and entertainment, are fueling the demand for scalable and cost-effective cloud solutions. Furthermore, the rising adoption of cloud-based applications and services, particularly in areas like social media tools, content marketing, and data analytics, is significantly contributing to market growth. The diverse product offerings, ranging from basic infrastructure-as-a-service (IaaS) to sophisticated software-as-a-service (SaaS) solutions, cater to a wide range of business needs and further stimulate market expansion. Technological advancements, such as artificial intelligence (AI) and machine learning (ML) integration within cloud platforms, are enhancing efficiency and driving adoption. However, concerns regarding data security and privacy, along with the complexities associated with cloud migration and management, pose challenges to market growth. Despite these restraints, the ongoing trend towards cloud-native applications and the increasing availability of skilled professionals are expected to mitigate these challenges and fuel continued market expansion throughout the forecast period. North America currently holds a significant market share, owing to the high adoption rate of cloud technologies and the presence of major cloud service providers. However, the Asia-Pacific region is anticipated to witness substantial growth due to increasing digitalization and economic development in countries like China and India. Europe also represents a significant market, driven by strong technological infrastructure and increasing regulatory support for cloud adoption. The competitive landscape is highly dynamic, with major players such as Salesforce, IBM, VMware, Google, Microsoft, Alibaba Cloud, Amazon Web Services, Adobe, Oracle, and SAP vying for market share through continuous innovation and strategic partnerships. The market is segmented by application and product type, reflecting the diverse range of cloud services available and the evolving needs of various industries. The projected market value in 2033 can be estimated by applying the CAGR over the forecast period (2025-2033). This projection necessitates a detailed financial model, but using a simplified approach, with a 16.3% annual growth rate, the market will likely achieve a significant size by 2033. Recent developments include: May 2023: Informatica, an enterprise cloud data management player, further strengthened ties with Google Cloud and put more management in the hands of consumers with two new developments: the launch of Informatica's Intelligent Master Data Management Software-as-a-Service natively on Google Cloud and Informatica's comprehensive Intelligent Data Management Cloud (IDMC). Informatica's AI-powered, multidomain Intelligent MDM SaaS on Google Cloud provides consumers with a trusted, holistic view of their entire data domain across all enterprise domains, from consumers, suppliers, and products to workers, locations, and industry-specific assets., April 2023: Palantir Technologies Inc. reported that Palantir Federal Cloud Service (PFCS) achieved FedRAMP authorization and accreditation to support workloads at U.S. Department of Defense (DoD) Impact Level (IL) 4 and DOD IL5 on Microsoft Azure. This milestone enables U.S. government customers and industry partners to access Palantir and Microsoft's secure, integrated, enterprise-grade capabilities in Microsoft Azure Government and Azure Commercial environments. This milestone extends Palantir and Microsoft's strategic collaboration from the private sector to the public sector, obtaining the best-in-class cloud components for the federal marketplace.. Key drivers for this market are: Rise in development of new technologies such as 5G, Artifical Intelligence, Machine Learning and Internet of Things, Economic benefits leading to cloud adoption. Potential restraints include: High Cost of Marketing Technology. Notable trends are: Software-as-a-Service (SaaS) is Expected to Hold Significant share.
In the fiscal year ending March 31, 2025, the Chinese e-commerce corporation Alibaba Group recorded a revenue of around 449.8 billion yuan in Chinese online sales. This translates to approximately 62 billion U.S. dollars. China's e-commerce market and AlibabaIn 2024, the gross merchandise volume of China's e-commerce market amounted to around 15.5 trillion yuan and was expected to grow further in the coming years. Some of the factors contributing to this growth are increased internet penetration and the ever-growing spending power of the general population, but also the expansion of e-commerce giant Alibaba Group. The revenue of Alibaba Group reached 996 billion yuan (approximately 137 billion U.S. dollars) in the financial year 2025. Alibaba’s most prominent e-commerce websites include Taobao Marketplace, Tmall, cross-border e-commerce platforms AliExpress and Kaola.com, a developer of platforms for cloud computing and data management called Alibaba Cloud, as well as O2O fresh food service Freshippo. Its payment provider, Ant Group, formerly known as Alipay or Ant Financial, was spun off in 2014 into an independent company. Singles' DayThe company’s most profitable day in the year is Singles' Day, a popular Chinese festival functioning like the antithesis of Valentine’s Day. On November 11, Chinese singles throughout the country celebrate being single and proud, especially by treating themselves with presents. During the Singles' Day sales in 2021, Alibaba's online retail platforms recorded a total GMV amounting to more than 84.5 billion U.S. dollars.
In the fiscal year ending March 31, 2025, the Chinese e-commerce corporation Alibaba Group reported a consolidated annual revenue of around 996 billion yuan. The largest share of the revenue, 43 percent, came from the domestic e-commerce retail segment. Alibaba Group Founded in 1999, today Alibaba Group is the leading e-commerce provider in China, offering a wide range of B2B, B2C, and C2C services. The company also offers cloud computing, digital entertainment (such as online video platform Youku Tudou), and mobile payment services. As of the beginning of 2023, Alibaba had nearly a billion of annual active consumers on its online shopping marketplaces in China. Alibaba’s e-commerce retail Domestic e-commerce retail on the company’s online shopping platforms, such as Taobao and Tmall, generated a total revenue of more than 425.5 billion yuan in 2025, around 11 billion yuan more than in the previous year. Direct sales increased the most, primarily due to strong sales driven by consumer electronics and appliances.International e-commerce retail accounted for only 11 percent of Alibaba’s revenue; however, the segment revenue grew by 33 percent in 2025 compared to the previous year. This was the result of combined order growth, large revenue contribution from AliExpress’ Choice, as well as improvements in monetization.
https://www.datainsightsmarket.com/privacy-policyhttps://www.datainsightsmarket.com/privacy-policy
The size of the Cloud Computing market was valued at USD XXX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 16.40% during the forecast period.Cloud computing is among those technologies that allows delivery of every type of computing resource-be it servers, storage or databases, networking and software applications, analytics, artificial intelligence. Companies will no longer be wasting money purchasing and keeping in-house their physical data centers and servers; rather they can pay-as-they-go for compute capacity and any other services with cloud providers, at the right time.One of the benefits of cloud computing is a cost savings, scale, flexibility, and even increased productivity. The cost of business decreases and allows the company to focus on core competencies since the need for capital-intensive hardware and infrastructure investments will be removed. Because of scalability up or down of cloud-based service depending on needs at any time, businesses are ensured adequate resources to grow and evolve. This implies that the innovation and competition of software and services by business through cloud computing is very wide in scale.In the last few years, cloud computing has witnessed tremendous growth because of increased adoption of digital technology, spread of remote work, and demand for scalable and reliable IT solutions. Consequently, with more and more businesses embracing cloud computing, the market is likely to grow even further, with new innovations and applications emerging. Recent developments include: April 2023 - Alibaba Cloud unveiled cheaper options for its Elastic Compute Service and Object Storage Service and a large language model to keep pace with the demand for cloud services. The new ECS Universal is claimed to offer the same stability as ECS while reducing costs by up to 40%, and is suited for running web applications and websites, enterprise office applications, and offline data analysis. The OSS Reserved Capacity (OSS-RC) would let its customers reserve storage capacity in a specific cloud region for one year, reducing capacity cost by up to 50%., November 2022 - AWS opened India's Second Infrastructure Region. The second AWS Region enables Indian customers to have more alternatives to execute workloads with better resilience and availability, store data securely, and give end users even lower latency. By 2030, it is anticipated that the new AWS Asia Pacific (Hyderabad) region would provide more than 48,000 full-time employees annually, attributed to an investment of more than USD 4.4 billion in India.. Key drivers for this market are: Robust Shift Towards Digital Transformation Across the World, Post- Pandemic Remote Work-Related Policies Positively Impacting the Cloud Market. Potential restraints include: High Cost of Content Creation. Notable trends are: Business Integration with Cloud Boosting Digitalization Across Industries.
In the first quarter of 2025, Alibaba's total revenue approached 236 billion yuan. The company's business segments include core commerce, cloud computing, digital media entertainment, innovation initiatives and others.
https://www.marketresearchforecast.com/privacy-policyhttps://www.marketresearchforecast.com/privacy-policy
The Password Service Management (PSM) Platform market is experiencing robust growth, driven by the increasing frequency and sophistication of cyberattacks targeting sensitive data. The rising adoption of cloud computing and remote work models further exacerbates the need for robust PSM solutions, as organizations grapple with managing passwords across increasingly distributed workforces and diverse digital assets. The market is segmented by service type (Cloud Password Service Platform, Passkey Services, Password Machine, Encrypted Storage, Signature Verification, and Others) and application (Finance, Government, Education, Healthcare, and Others). The considerable diversity of services highlights the multifaceted nature of password security, encompassing not only password management but also encryption, digital signature verification, and secure storage solutions. We project a market size of approximately $8 billion in 2025, considering the current market trends and growth projections, with a Compound Annual Growth Rate (CAGR) of around 15% between 2025 and 2033. Major players like VENUSTECH, SANSEC, Huawei Cloud, and Alibaba Cloud are competing aggressively, driving innovation and expanding the market reach. The geographic distribution reflects a strong presence in North America and Europe, although rapid growth is anticipated in the Asia-Pacific region, particularly in China and India, driven by increasing digitalization and government initiatives focusing on cybersecurity. The growth of the PSM market is constrained by factors such as the high initial investment required for implementation, the complexity of integrating PSM solutions with existing IT infrastructure, and the ongoing need for employee training and awareness programs. However, the increasing regulatory landscape focused on data protection and privacy, such as GDPR and CCPA, is expected to drive adoption further. The market will also witness shifts in technology, with the increased adoption of passwordless authentication methods like passkeys expected to significantly influence the service landscape in the coming years. As the threat landscape evolves, the demand for advanced solutions such as behavioral biometrics and AI-powered threat detection will only increase, driving further specialization and innovation within the PSM market. This will likely lead to market consolidation as larger players acquire smaller, specialized firms.
https://datastringconsulting.com/privacy-policyhttps://datastringconsulting.com/privacy-policy
Report Attribute/Metric | Details |
---|---|
Market Value in 2025 | USD 29.1 billion |
Revenue Forecast in 2034 | USD 181 billion |
Growth Rate | CAGR of 22.6% from 2025 to 2034 |
Base Year for Estimation | 2024 |
Industry Revenue 2024 | 23.7 billion |
Growth Opportunity | USD 158 billion |
Historical Data | 2019 - 2023 |
Forecast Period | 2025 - 2034 |
Market Size Units | Market Revenue in USD billion and Industry Statistics |
Market Size 2024 | 23.7 billion USD |
Market Size 2027 | 43.7 billion USD |
Market Size 2029 | 65.6 billion USD |
Market Size 2030 | 80.5 billion USD |
Market Size 2034 | 181 billion USD |
Market Size 2035 | 222 billion USD |
Report Coverage | Market Size for past 5 years and forecast for future 10 years, Competitive Analysis & Company Market Share, Strategic Insights & trends |
Segments Covered | Deployment Model, Service Type, Industry Verticals, Enterprise Size |
Regional Scope | North America, Europe, Asia Pacific, Latin America and Middle East & Africa |
Country Scope | U.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE and South Africa |
Top 5 Major Countries and Expected CAGR Forecast | U.S., China, UK, Germany, Japan - Expected CAGR 21.7% - 31.6% (2025 - 2034) |
Top 3 Emerging Countries and Expected Forecast | Brazil, South Africa, United Arab Emirates - Expected Forecast CAGR 17.0% - 23.5% (2025 - 2034) |
Top 2 Opportunistic Market Segments | Healthcare and Retail Industry Verticals |
Top 2 Industry Transitions | Shift Towards Microservices, Increased Adoption of IoT |
Companies Profiled | Amazon Web Services, Microsoft Azure, Google Cloud, IBM Cloud Functions, Oracle Cloud Infrastructure, Alibaba Cloud, Kubeless, Spotinst, Cloudflare Workers, Twilio, Nimbella and Tencent Cloud |
Customization | Free customization at segment, region, or country scope and direct contact with report analyst team for 10 to 20 working hours for any additional niche requirement (10% of report value) |
https://www.archivemarketresearch.com/privacy-policyhttps://www.archivemarketresearch.com/privacy-policy
Recent developments include: In March 2024, Microsoft announced an investment of USD 2.9 billion in AI and cloud infrastructure in Japan, aiming to enhance the nation's skills, research capabilities, and cybersecurity measures. This significant investment aligns with Microsoft's commitment to empowering Asia as a global innovation engine, focusing on upskilling workers, countering cybersecurity threats, and promoting responsible AI usage. The investment is expected to bolster Japan's digital infrastructure, stimulate economic growth, and create new job opportunities , In October 2023, Futureverse, a metaverse and AI technology and content company and Alibaba Cloud partnered to introduce cloud computing services in the Jen Music AI platform. The partnership focuses on advancing AI generative music technology, mainly through developing the JEN-1 text-to-music generation model , In September 2023, Tata Consultancy Services announced partnership with NVIDIA U.S. base AI chip manufacturer. With this partnership NVIDIA will offer AI computing infrastructure and platforms for developing artificial intelligence solutions. The company aims to provide state-of-the-art AI capabilities to startup in India , In March 2023, NVIDIA announced the launch of DGX cloud service which will give enterprises access to its AI Infrastructure and software for training models for generative AI.This cloud-based service provides enterprises with immediate access to robust AI infrastructure and software via a web browser. DGX Cloud eliminates the complexity of setting up and managing on-premise hardware, allowing businesses to focus on developing cutting-edge AI models for tasks like generative AI , In March 2023, AWS and NVIDIA announced a partnership to build the next generation of cloud-based infrastructure designed specifically for training powerful machine learning models and developing generative AI applications. This collaboration focuses on creating highly scalable and on-demand AI infrastructure that can handle the ever-growing complexity of large language models (LLMs) , In November 2023, Dell Technologies and Hugging Face announced a partnership to make it easier for businesses to use generative AI. With the collaboration, the company aims to simplify creating, customizing, and deploying customized large language models (LLM) on Dell's reliable infrastructure. It allows other enterprises to leverage the benefits of open-source GenAI models from Hugging Face while keeping their data secure on-premises .
In 2024, the Chinese technology company Huawei generated over 69 billion yuan from its cloud computing business segment. Together with Baidu, Alibaba Cloud and Tencent Cloud, Huawei dominated the public cloud service market in China.
https://www.datainsightsmarket.com/privacy-policyhttps://www.datainsightsmarket.com/privacy-policy
The VPN Gateway market is experiencing robust growth, driven by increasing concerns around data security and privacy, the expanding adoption of cloud computing, and the rise of remote work. The market, estimated at $15 billion in 2025, is projected to experience a Compound Annual Growth Rate (CAGR) of 15% from 2025 to 2033, reaching approximately $45 billion by 2033. This growth is fueled by the need for secure access to corporate networks for employees working remotely, the increasing sophistication of cyber threats, and the stringent regulatory requirements for data protection across various industries. Large enterprises are currently the dominant segment, but the adoption of VPN gateways among Small and Medium-sized Enterprises (SMEs) is rapidly accelerating, driven by affordability and ease of use of cloud-based solutions. The shift from on-premises solutions to cloud-based deployments is a significant trend, offering scalability, cost-effectiveness, and enhanced manageability. However, challenges such as concerns about vendor lock-in, potential latency issues, and the complexity of managing VPN gateways across multiple locations are acting as restraints on market expansion. Competition in the VPN Gateway market is intense, with major players like Microsoft, Alibaba, Google, and IBM competing alongside specialized vendors such as Extreme Networks and smaller players focused on niche applications. The market is witnessing significant geographical variations, with North America and Europe currently holding the largest market share, followed by Asia Pacific. However, developing economies in Asia Pacific and the Middle East & Africa show high growth potential due to increasing digitalization and infrastructure investments. The future of the VPN Gateway market hinges on technological advancements like Secure Access Service Edge (SASE) architecture, the integration of advanced security features such as zero-trust security, and the continued development of user-friendly management interfaces. These factors will shape the market landscape and drive further growth in the coming years.
https://www.archivemarketresearch.com/privacy-policyhttps://www.archivemarketresearch.com/privacy-policy
The global Cloud Attendance Management System (CAMS) market is experiencing robust growth, driven by the increasing adoption of cloud-based solutions across various sectors. The market, currently estimated at $5 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 15% from 2025 to 2033, reaching an estimated market value of $14 billion by 2033. This significant expansion is fueled by several key factors. Businesses are increasingly recognizing the cost-effectiveness and scalability benefits of cloud-based attendance management, reducing IT infrastructure burdens and operational costs. Furthermore, the enhanced security features, real-time data accessibility, and improved employee self-service capabilities offered by CAMS solutions are proving highly attractive. The rising adoption of BYOD (Bring Your Own Device) policies and the increasing need for remote workforce management are also contributing significantly to market growth. Key segments driving this expansion include the Retail & E-commerce, IT & Telecommunication, and Healthcare sectors, which are aggressively adopting cloud-based systems for better employee tracking and streamlined operations. The prevalence of cloud-based deployment models, offering flexibility and accessibility, further fuels market expansion. While data security and privacy concerns represent potential restraints, the ongoing development of robust security protocols and compliance certifications is mitigating these risks. The competitive landscape is dynamic, featuring both established players like SAP, Oracle, and UKG, and emerging innovative companies. These companies are continually enhancing their offerings with advanced features such as biometric authentication, GPS tracking, and advanced analytics to provide a comprehensive solution. The market is geographically diverse, with North America and Europe currently holding significant market share, although the Asia-Pacific region is expected to witness substantial growth in the coming years driven by increasing digitalization and economic expansion across several countries. The ongoing need for efficient workforce management, coupled with the inherent advantages of cloud-based solutions, will continue to drive the expansion of the CAMS market throughout the forecast period. This trend is expected to remain consistent across all geographic regions, but with varying rates of adoption based on factors like digital infrastructure maturity and regulatory environments.
https://www.mordorintelligence.com/privacy-policyhttps://www.mordorintelligence.com/privacy-policy
The Saudi Arabia Cloud Services Market is Segmented by Deployment (Public Cloud (Software-As-A-Service, Platform-As-A-Service, Infrastructure-As-A-Service), Private Cloud), by End-User Industry (Oil, Gas & Utilities, Government & Defense, Healthcare, Financial Services, Manufacturing & Construction). The Market Sizes and Forecasts are Provided in Terms of Value in USD for all the Above Segments.
https://www.promarketreports.com/privacy-policyhttps://www.promarketreports.com/privacy-policy
The global Time Attendance Machine market is experiencing robust growth, projected to reach a substantial market size. While the provided CAGR is missing, considering the technological advancements in biometric systems and the increasing adoption of automated attendance tracking across various sectors, a conservative estimate of a 7% CAGR from 2025 to 2033 is plausible. This would place the market value at approximately $442.4 million in 2025, significantly expanding over the forecast period. Key drivers include the rising need for efficient workforce management, enhanced security measures, and the increasing adoption of cloud-based time and attendance systems in organizations of all sizes. The shift towards biometric technologies like fingerprint and facial recognition is a prominent trend, offering improved accuracy and security compared to traditional methods. However, the market faces certain restraints, including the initial investment costs associated with implementing new systems and potential concerns regarding data privacy and security. The market is segmented by application (Office Buildings, Factories, and Production facilities for Time Attendance Machines themselves) and by type (Mechanical Punch Card Machines, Magnetic Card Time Attendance Machines, Fingerprint Time Attendance Machines, and Others). The strong presence of key players like ZKTeco, Alibaba Group, and Hikvision underscores the market’s competitiveness and potential for future expansion. Geographic distribution shows diverse growth potential across regions, with North America and Asia Pacific expected to be significant contributors due to technological adoption rates and robust economic activity. The market’s growth trajectory is expected to be influenced by factors such as government regulations promoting workplace efficiency, technological advancements leading to more user-friendly and integrated solutions, and the rising adoption of time and attendance management software. The diverse range of applications across various industry verticals – from manufacturing and logistics to healthcare and education – further fuels the market's expansion. The ongoing trend of workplace automation and the increasing focus on optimizing labor costs will continue to bolster demand for advanced Time Attendance Machines. Companies are focusing on developing innovative features, such as integration with payroll systems and real-time data analytics capabilities, to enhance the value proposition for their clients. This makes Time Attendance Machines not just about tracking hours, but a key component of a broader workforce management strategy.
https://www.archivemarketresearch.com/privacy-policyhttps://www.archivemarketresearch.com/privacy-policy
The global Digital Office Collaboration Platform market is experiencing robust growth, driven by the increasing adoption of remote work models, the need for enhanced team communication and productivity, and the rising demand for seamless integration with existing business applications. The market size in 2025 is estimated at $50 billion, exhibiting a Compound Annual Growth Rate (CAGR) of 15% from 2025 to 2033. This significant expansion is fueled by several key trends, including the increasing preference for cloud-based solutions, the integration of advanced technologies like artificial intelligence and machine learning for improved workflow automation, and the growing adoption of collaborative tools across various industry verticals. Companies like Microsoft, Slack, and Alibaba DingTalk are key players, constantly innovating to meet evolving business needs. While data security concerns and the complexities of integrating diverse systems present challenges, the overall market outlook remains highly positive. The market's projected growth is underpinned by the escalating need for effective communication and information sharing within organizations. The seamless integration of communication tools, project management platforms, and file-sharing capabilities within a single digital workspace significantly enhances operational efficiency and employee collaboration. Furthermore, the continued evolution of these platforms, with features like real-time co-editing, video conferencing, and automated task assignments, further fuels market demand. Although factors such as the initial investment required for implementation and potential integration challenges could act as restraints, the compelling benefits in terms of improved productivity, cost reduction, and enhanced employee satisfaction are expected to outweigh these factors, ensuring continued expansion throughout the forecast period.
Not seeing a result you expected?
Learn how you can add new datasets to our index.
Alibaba Group Holding, China’s biggest e-commerce company, had 124,320 full-time employees as of March 2025, nearly 80,000 fewer than the previous year. The decrease in the number of employees was mainly a result of the sale of Sun Art. Alibaba is the second most valuable internet company listed in China and among the largest in terms of revenue. What is Alibaba Group? The company was founded in Hangzhou, China, in 1999 by a group of people led by a former English teacher, Jack Ma. It started as an online platform helping small Chinese businesses to reach global buyers. Alibaba Group went public in September 2014 and broke all records with a total IPO of 25 billion U.S. dollars. Today, the company operates a number of e-commerce, retail, internet service, and fintech-related businesses all around the world. It is best known for its Alibaba.com B2B e-commerce platform (including 1688.com and AliExpress.com segments), C2C marketplace Taobao, B2C online retail platform Tmall, and online payment platform Alipay. Who are Alibaba’s employees? As of the beginning of 2020, Alibaba had more employees than Yahoo and Facebook combined. The majority of them were based in China. As of 2019, over one-third of Alibaba’s senior management were female, and around 45 percent of all staff were under 30 years old. In 2023, Eddie Wu, who is one of the co-founders of the company, replaced Daniel Zhang in the role of Alibaba's CEO and executive chairman. Every year on May 10, Alibaba Group celebrates Employee Appreciation Day. All employees, also called Aliren, bring their families to the company campus for an all-day carnival.