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Alibaba sold a whopping $462 billion of goods in 2015

March 21, 2016 - Uncategorized

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Chinese e-commerce giant Alibaba just announced it sold 3 trillion yuan ($462 billion) worth of goods on its various sites in the past year.

It hit its milestone with 10 days left in its fiscal year ending in March, said executive vice-chairman, Joe Tsai. The 3 trillion yuan is also thrice the volume Alibaba achieved in 2012, and double its transactions in 2013.

SEE ALSO: 12 incredible finds under $12 on Taobao for China’s ‘Double 12’ sale

Alibaba has a host of e-commerce sites, of which it’s perhaps best known for its namesake business-to-business wholesale platform as well as its consumer-facing site, Taobao. Read more…

More about Taobao, Retail, Jack Ma, E Commerce, and China


Source: Mashable

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