Alibaba targets $1 trillion in transaction volumes by 2020

Kuka wants agreement with suitor Midea on German jobs – source
June 16, 2016
FBI Raids Spammer Outed by KrebsOnSecurity
June 16, 2016
This post was originally published on this site
A sign of Alibaba Group is seen at CES (Consumer Electronics Show) Asia 2016 in Shanghai, China, May 12, 2016. REUTERS/Aly Song/File Photo   - RTX2G2TA
A sign of Alibaba Group is seen at CES (Consumer Electronics Show) Asia 2016 in Shanghai, China, May 12, 2016.

Reuters/Aly Song/File Photo – RTX2G2TA


Chinese e-commerce giant Alibaba Group Holding Ltd is aiming to double its annual transaction volume to over $1 trillion within four years, the firm’s chief executive said on Wednesday.

“What I can share with you is that in four years we have a very clear goal which is in fiscal 2020, Alibaba wants to be the first company to have a retail market base scale of over $1 trillion, so that is our clear goal in the next three to four years,” Daniel Zhang told a conference in Cape Town.


(Reporting by Wendell Roelf)