Alibaba Group Expects Sales This Year to Top Those of Amazon and eBay Combined
September 12th, 2012Via: Reuters:
China’s largest e-commerce firm, Alibaba Group, expects to sell merchandise this year worth more than that sold by Amazon Inc and eBay combined, Alibaba’s chief strategy officer said on Saturday.
The company is aiming for 3 trillion yuan ($473 billion) in annual transaction value from its Taobao e-commerce units in the next 5 to 7 years, Zeng Ming told reporters.
