Business Overview
Corporate Structure
Alibaba Group Holding Limited is an exempted
company incorporated with limited liability under the
laws of the Cayman Islands on June 28, 1999, and we
conduct our business through our subsidiaries and
variable interest entities. We are listed on the NYSE
under the symbol “BABA” and on the Hong Kong Stock
Exchange under the stock code “9988.”
Our significant subsidiaries, as that term is defined
under Section 1-02 of Regulation S-X under the U.S.
Securities Act, include the following entities:
• Taobao Holding Limited, an exempted company
incorporated with limited liability under the
laws of the Cayman Islands, which is our
wholly-owned subsidiary and the indirect holding
company of the PRC subsidiaries relating to
Taobao Marketplace and Tmall.
• Taobao China Holding Limited, a limited liability
company incorporated under the laws of Hong
Kong, which is the direct wholly-owned subsidiary
of Taobao Holding Limited and the direct holding
company of certain PRC subsidiaries relating to
Taobao Marketplace and Tmall.
• Taobao (China) Software Co., Ltd. 淘寶（中
國）軟件有限公司, a limited liability company
incorporated under the laws of the PRC, which is
an indirect subsidiary of Taobao Holding Limited
and one of our wholly-owned entities, and
provides software and technology services for
Taobao Marketplace.
• Zhejiang Tmall Technology Co., Ltd. 浙江天貓技術
有限公司, a limited liability company incorporated
under the laws of the PRC, which is an indirect
subsidiary of Taobao Holding Limited and one of
our wholly-owned entities, and provides software
and technology services for Tmall.
• Alibaba (Beijing) Software Services Co. Ltd. 阿里
巴巴（北京）軟件服務有限公司, a limited liability
company incorporated under the laws of the
PRC, which is a direct wholly-owned subsidiary of
Zhejiang Tmall Technology Co., Ltd., and provides
online marketing-related software and technical
services for our China retail marketplaces.
• Alibaba Investment Limited, a company
incorporated with limited liability under the
laws of the British Virgin Islands, which is our
wholly-owned subsidiary and a holding company
for our strategic investments.
• Alibaba.com Investment Holding Limited, a
company incorporated with limited liability under
the laws of the British Virgin Islands, which is our
wholly-owned subsidiary and a holding company
for subsidiaries relating to AliExpress, Alibaba.com
and 1688.com.
The principal executive offices of our main operations
are located at 969 West Wen Yi Road, Yu Hang
District, Hangzhou 311121, People’s Republic of
China. Our telephone number at this address is
+86-571-8502-2088. Our registered office in the
Cayman Islands is located at the offices of Trident Trust
Company (Cayman) Limited, Fourth Floor, One Capital
Place, P.O. Box 847, George Town, Grand Cayman,
Cayman Islands. Our agent for service of process in the
United States is Corporation Service Company located
at 1180 Avenue of the Americas, Suite 210, New York,
New York 10036. Our corporate website is
www.alibabagroup.com.
We have a demonstrated track record of successful
organic business creation. In addition to organic
growth, we have made, or have entered into
agreements to make strategic investments,
acquisitions and alliances that are intended to further
our strategic objectives. See “Management discussion
and analysis — Operating Results — Recent Investment,
Acquisition and Strategic Alliance Activities” for more
information.
Share Repurchase Program
In May 2019, our board of directors authorized a
share repurchase program for an amount of up to
US$6.0 billion over a period of two years. In December
2020, our board of directors authorized an upsize of
our share repurchase program from US$6.0 billion
to US$10.0 billion, for a two-year period through the
end of 2022. See “Other Information for Shareholders
— Purchases of Equity Securities by the Issuer and
Affiliated Purchasers” for more details.
Fiscal Year 2021 Annual Report 87