Who Alibaba buys from and sells to
Runs China's Taobao and Tmall marketplaces and the largest Chinese cloud; designs some AI chips in-house.
Buys from 3
- NVIDIANVDAexport-limited AI accelerators for Alibaba Cloud
- ZTO ExpressZTOparcel delivery for marketplace orders
- T-Head (subsidiary)in-house AI chips, planned for a separate listing
Sells to 2
- Taobao and Tmall merchantsads and commissions, the core of revenue
- Chinese enterprisesAlibaba Cloud compute and Qwen model services
Where the chain could break
- US export rules decide which NVIDIA accelerators Alibaba Cloud can buy
- Chinese regulators set merchant fees and platform rules
- Revenue rests on China's consumer spending
Competes with
- PDD HoldingsPDDlow-price shoppers in China
- JD.comJDChina e-commerce and instant delivery
- MeituanMPNGYfood and instant delivery
- TencentTCEHYcloud and AI models in China
Mapped by hand from filings and company reporting, as of October 2026. It shows the relationships that matter most, not every contract: most are never disclosed, and agreements change.