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It provides sourcing and online transaction services by connecting manufacturers and wholesale sellers to wholesale buyers in China who typically trade in apparel, accessories, packaging materials, office supplies, home decoration and furnishing materials, electronics and computers, among others. 1688 is a business of Alibaba Group.Dec 27, 2023 · Summary. Alibaba's stock plunged 20% in 2023, dropping to around $73, echoing its price after the 2014 IPO. Despite the downturn, Alibaba maintains a robust financial status, with cash reserves ... Alibaba Group Holding Limited, or Alibaba ( Chinese: 阿里巴巴 ), is a Chinese multinational technology company specializing in e-commerce, retail, Internet, and technology. What is Alibaba.com. Alibaba.com is one of the largest online B2B marketplaces in the world, with over 40 million active buyers globally and 400,000 daily product inquiries. 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