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.
To put its earnings in perspective, during the big “Singles’ Day” shopping sale in China in 2015 — the country’s version of Black Friday or Cyber Monday in the U.S. — it sold 91.2 billion yuan ($14.3 billion) in goods. Over 40,000 merchants took part in the shopping sale, offering a collective six million different products on Alibaba’s sites between them… see more
source: mashable
Tags: Alibaba Sale 2015, technology
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