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Unsurprisingly to many, China is the largest e-commerce market with $423 billion in retail sales. It's a no brainer for the biggest e-commerce company globally to venture into this huge market and that is where Alibaba Group comes in.

The company completed its IPO on September 19, 1999 and has never looked back since then. That valued its worth at $70 billion, making it the world's most valuable internet company so far. Alibaba Group is a multinational group singularly focused on e-commerce and information technology. It has also been expanding into other sectors with its investments in entertainment, including eSports, movies and music using either through sharing economy models or franchises like its joint ownership of Paramount Pictures with entertainment studio notable Viacom controlling 40% shares of both companies respectively as well as split.