If you regularly read the financial news, it’s hard to go a day without hearing the name Alibaba (BABA). In fact, take a scroll through the news for just today, and you’ll see article after article about Alibaba’s plans and expansions.

After all, ever since the tech giant arrived on the scene last year with a record breaking $25 billion IPO, they’ve been making waves not only in America but across the world as well.

Alibaba’s latest partnerships include Ant Financial, a company that launched Mybank, which is an Internet bank accessible to people by phone. This is a completely new technology where loan worthiness is calculated by financial data on Alipay. This new technology will be able to bridge the gap to more remote areas of China where people do not have easy access to financial institutions.

Alibaba is also breaking into the seemingly unbreakable Hollywood scene. Recently they announced that they would be investing in the new Mission Impossible movie. They will be assisting with “online ticketing, merchandising, and movie production in China.” Their company, Alibaba Pictures, is also set to raise $1.6 billion dollars in a stock sale to help raise money for Alibaba Pictures.

When it comes to trade and building ties with other cultures, Alibaba’s country pavilion project will help 11 different countries showcase their products. The “pavilions” will actually be online retailers, and Alibaba is set to expand it and help promote 26 different country’s embassies and their products.

On a personal level, Jack Ma, the founder of Alibaba, recently made strides to help protect the environment in upstate New York. He purchased Brandon Park, an estate that cost $23 million with plans to transform it into an area for conservation, something that Chinese culture cares deeply about.

This is only a small portion of the hundreds of projects that Alibaba is currently working on, but as evidenced, they are making waves not only in technology but in a variety of industries as well. They are also making a point to develop relationships with other countries and promote other cultures in addition to taking on personal projects like Jack Ma’s new conservation estate.

Alibaba will still have to worry about their competitors namely Apple (AAPL) and Amazon (AMZN), but they are rectifying that by continuously investing in new companies, like the $1 billion they are investing in Micromax, an Indian smartphone creator. Moves like this show that Alibaba is looking to become extremely competitive in the smartphone market just as they have in the online payments market.

Ultimately, I do not think Alibaba is going anywhere except for up over the next few years. Their scope and reach is truly unlimited, and armed with a CEO who has great knowledge of multiple industries and incredible insight into growing his company, I have a feeling they’ll be making many more announcements of plans and partnerships in the future.

What do you think of Alibaba’s expansion into new industries?