In “english” abstract group: bha 35-21 Teacher: Inomjonova Maftuna Student : Sotvoldiyev Azizbek

FICKAL INSITUTE UNDER THE STATE TAX COMETTE OF THE REPUBLIC OF UZBEKISTAN IN “ENGLISH”



ABSTRACT


Group: BHA 35-21
Teacher: Inomjonova Maftuna
Student : Sotvoldiyev Azizbek

Theme is famous internet company (Google, Yandex , Alibaba, Amazon, Meta)

My theme is Alibaba Group
Plan:
“Determination, nothing in the world can replace determination neither ability nor genius” (Jack Ma)
1.What is Alibaba Group and how does it work?
2.About creation of Alibaba Group
3. The financial benefits and losess of Alibaba
Conclusion: When there is defeat there will be growth


1.What is Alibaba Group and how does it work?
Alibaba is a very comprehensive online store. Currently, Alibaba's users in 240 countries and regions exceed 65 million. By 2036, Alibaba wants to increase the number of users to 3 billion. According to Wei Chen, deputy general director of Alibaba-owned Tmall International, if 1 percent of Chinese consumers buy from the company, it will provide a huge increase in Alibaba's user base.
Chen said that one of the main tasks of Alibaba is to help Chinese and foreign consumers to buy products around the world and make mobile payments regardless of their location.
The company has its own electronic payment system called Alipay. This payment system is also used by another large online store called Taobao.com. In order to manage the enterprise, the company uses software that is unique for all its branches, as well as having products and databases of the enterprise distributed by regions and branches.

Alibaba Group manages several of its branches,
there are:
• Alibaba.com (Alibaba China, Alibaba International)
• Alibaba Pictures (Alibaba Pictures Group)
• AliExpress.com is an online store that sells products in retail and small wholesale. Product information is automatically translated into different languages.
• Taobao.com is an online retail market, online store and online auction (all offered products can be purchased through AliExpress)
• Alipay is a platform for online electronic payments
• PAL is a service company that provides connection to the platforms
• 1688.com is an online platform for wholesale trade
• Tmall.com
• Juhuasuan
• eTao
• Alibaba Cloud Computing
• Yahoo! China
• Ele.me


2.About creation of Alibaba Group
Alibaba was founded on June 28, 1999 in Hangzhou, Zhejiang, by Jack Ma. He was born on September 10, 1964

In 2017, Jack Ma was ranked second on Fortune's annual list of the World's 50 Greatest Leaders With a fortune of $51.5 billion as of April 2021, Ma is the third richest person in China.

Jack Ma was born in Hangzhou, Zhejiang, China. He started learning English at a young age by chatting with native speakers at the Hangzhou International Hotel. For 9 years, Ma rode his bicycle 27 km to the destination to practice English with tourists. He became close friends with one of the foreigners, who gave him the nickname "Jack" because he struggled to pronounce his Chinese name.
Then he passed the college exam and failed 2 times and he was transferred to a teaching institute. He graduated from the institute in 1988. He applied to Harvard Business School 10 times but was rejected every time.
His bad luck did not end there. Jack Ma applies for 30 jobs and gets rejected from all of them
After that, he became interested in the Internet and created his first website in 1995. Investors showed great interest in this project.
Jack Ma knows that there is something wonderful about the Internet. In 1994, Ma opened his first company, Hangzhou Haibo Translation Agency. In April 1995, Ma opened the first office for Chinese pages with He Yibing
Now let's talk about the creation of Alibaba

On June 28, 1999 Jack Ma created Alibaba.com with his friends. In October 1999, Alibaba received an investment of 25 million US dollars from Goldman Sachs and SoftBank. In 2002, Alibaba.com became profitable three years after its launch. Ma wanted to improve the global e-commerce system, so since 2003, Alibaba has launched Taobao Marketplace, Alipay, Alimama.com, and Lynx.
In September 2018, Jack Ma announced that he would step down as chairman of Alibaba after a year to focus on philanthropy.
3. The financial benefits and losess of Alibaba
In February 2021, Alibaba sold $5 billion in bonds. It was the third largest sale of the company's dollar bonds, which issued four sets and yielded between 2.143 percent and 3.251 percent.
The four sets of bonds include $1.5 billion in 10-year and 30-year bonds, as well as $20 billion and $1 billion in 40-year bonds.
In 2021, Alibaba received a net profit of 150 billion


China's State Administration of Market Supervision fined Alibaba 18.22 billion yuan ($2.78 billion) on Saturday, April 10, for violating antitrust laws. It accounted for 4% of domestic sales of 455.712 billion yuan in 2019 and 12% of net profit in 2020. On December 24, 2020, China launched an antitrust investigation against Alibaba Group regulators. In December 2020, Alibaba Group shares fell to their lowest historical share price in 6 months after Chinese regulators launched an antitrust investigation into the company.



Conclusion: When there is defeat there will be growth
Although Jack Ma suffered many defeats from his youth, he worked tirelessly and was not afraid to take risks. Now he is one of the richest and happiest people in the world. We should follow his example and work hard on ourselves.