Alibaba Group has set a new sales record and in 2016 plans to become the world's largest retail platform.
In 2015, the gross sales of the Alibaba Group exceeded 3 trillion yuan ($ 463 billion). This was reported by Bloomberg.
According to the forecasts of Alibaba Group, in 2016 fiscal year (the period from April 1, 2015 to March 31, 2016), it can outrun Wal-Mart and become the largest global retail marketplace. Last year, Wal-Mart received $ 482 billion in revenue.
Alibaba achieved record numbers thanks to an active exit beyond the boundaries of major Chinese cities.
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While the growth rate of the Chinese economy fell to the lowest in 25 years, Alibaba focused on half of the country's population that lives outside of large cities. The company also last year entered the markets of Russia and Brazil.
Goldman Sachs conducted a comprehensive study of the Chinese economy. Already, online sales in the country account for 16% ($ 672 billion) of total gross sales. And half of the shopping is done through mobile devices. As expected, by 2018, China will account for more than 50% of world purchases.
Alibaba plans to enter the Indian market this year, the Economic Times writes .
According to the Minister of Communications and Information Technology of India, Ravi Shankar, the growth of e-commerce in India is estimated at 50%. The demand of residents of the country for purchases on the Internet continues to grow rapidly.
The Chinese online retailer wants to focus on omnichannel strategy in order to make the most effective use of the power of online and offline channels. Ravi Shankar supported Alibaba’s intentions, saying that the retailer could create its own logistics service or use mail resources.
According to the forecasts of Alibaba Group, in 2016 fiscal year (the period from April 1, 2015 to March 31, 2016), it can outrun Wal-Mart and become the largest global retail marketplace. Last year, Wal-Mart received $ 482 billion in revenue.
Alibaba achieved record numbers thanks to an active exit beyond the boundaries of major Chinese cities.
')
While the growth rate of the Chinese economy fell to the lowest in 25 years, Alibaba focused on half of the country's population that lives outside of large cities. The company also last year entered the markets of Russia and Brazil.
Goldman Sachs conducted a comprehensive study of the Chinese economy. Already, online sales in the country account for 16% ($ 672 billion) of total gross sales. And half of the shopping is done through mobile devices. As expected, by 2018, China will account for more than 50% of world purchases.
Alibaba plans to enter the Indian market this year, the Economic Times writes .
According to the Minister of Communications and Information Technology of India, Ravi Shankar, the growth of e-commerce in India is estimated at 50%. The demand of residents of the country for purchases on the Internet continues to grow rapidly.
The Chinese online retailer wants to focus on omnichannel strategy in order to make the most effective use of the power of online and offline channels. Ravi Shankar supported Alibaba’s intentions, saying that the retailer could create its own logistics service or use mail resources.
Source: https://habr.com/ru/post/299552/
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