Alibaba sold $462 billion of goods in 2015
Victoria Ho March 20, 2016
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.
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
Its Singles' Day performance in 2015 eclipsed its own the previous year,
which was $9.34 billion. To put it into perspective, that was triple
the $2.68 billion in sales by all U.S. merchants combined on Cyber
Monday in 2014.
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