Alibaba is a multinational e-commerce, wholesale, internet, technology sales company founded in 1999. It provides services for buyer-to-buyer, business-to-buyer, business-to-business product purchase and sale web portal . It is one of the top 10 important institutions in the world. In January 2018, Alibaba became the second Asian company to exceed 500 billion in market value. Alibaba is now the ninth most valuable band in the world. Serving over two hundred countries, Alibaba is now the world's largest retailer. The company is ranked 31st in the 2020 index of Forbes Global 2000, 8th among Chinese companies .