Alibaba is the largest e-commerce company in China and one of the most valuable technology companies in the world. All of Alibaba’s software offerings are developed by a wholly-owned subsidiary, Alibaba Software. It operates the most visited online stores in China, including Taobao (consumer-to-consumer) and Tmall (business-to-consumer). Alibaba also owns a 33% stake in Ant Financial through its subsidiaries. Ant Financial develops a proprietary blockchain that is used, among other things, to keep tabs on products sold in the marketplace run by Alibaba. The firm is also investing a lot in its cloud computing business and cloud infrastructure such as data centers.