TOP 10
86
Alibaba $ 545.4b , Hangzhou , China
Alibaba ’ s main businesses are its ecommerce site Alibaba . com , Taobao and Tmall , but , like Tencent , its interests are vast , stretching from electronic payments to AI and numerous other services . It was previously led by founder and bonafide personality Jack Ma , who grapples with Pony Ma for the title of China ’ s richest person , before he stepped down in favour of Daniel Zhang last year . The company invented the Singles ’ Day shopping bonanza , which takes place on 11 November yearly , and puts Black Friday to shame with sales in 2019 totalling $ 38.4bn . NOVEMBER 2020