Jack Ma, the founder and Executive Chairman of Alibaba Group, on Tuesday posted a series of photos on his Weibo commemorating the two year anniversary of the Alibaba IPO.
“Two years ago, Alibaba launched its IPO in New York. Today, I happened to be in New York, flooded by a mixture of emotions,” Ma wrote. “Over the past two years, I’ve struggled between trust and misunderstanding. I’m grateful for the trust that my colleagues and friends have put in Alibaba. Trust makes simplicity possible. Because where there’s trust, there’s responsibility and courage, and there’s the chance to push myself forward.”
Weibo is a Chinese social media platform similar to twitter.
Founded in 1999, Alibaba is now China’s largest e-commerce platform. It is currently Asia’s biggest company by market value, although it was overtaken by Tencent for a duration of less than two weeks earlier this month, according to the South China Morning Post.
For the quarter ended June 30, Alibaba Group amassed revenue of USD 4.8 billion, representing a 59% year-on-year increase, according to the Alibaba Group Q2 2016 financial reports.
AllChinaTech hand-picked from Jack Ma’s Weibo some photos that highlight Alibaba’s growth.
Alibaba shares soared to USD 95.63 before closing at USD 93.89, an overall surge of 38.07% on its first trading day.
The Alibaba IPO at the New York Stock Exchange.
(Top photo from Baidu Images. Photos in the article are from Jack Ma’s Weibo)