Pankaj41. Zulily Inc
Headquarters: Seattle, Washington
Bought By: Alibaba Group
Headquarters: Yuhang District, Hangzhou
Zulily is a popular online shopping destination for many Americans as it sells anything you can think of, from toys to clothing and homeware. Although still a relatively young company at 10 years old, Zulily has managed to stay an active presence in a flooded marketplace.
In 2015, five years after its conception, Zulily gratefully accepted an offer by the Alibaba Group to purchase 4.8 million of its shares for around $56 million. While the Group owns around a sixth of the shares, it had previously owned about 5% of the company so its involvement wasn’t entirely new.