Alibaba sold a whopping $462 billion of goods in 2015
March 21, 2016 - Uncategorized
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.
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…