Around the Net
Alibaba Says It Will Top Walmart In Trading Volume In Two Years
- China Daily, Monday, November 3, 2014 8:06 AM
China's e-commerce giant Alibaba's online sales volume will exceed the worldwide sales of global retail giant Walmart in two years. In the first half of 2014, Alibaba's total trading volume reached 931 billion yuan ($151 billion). Last year, Alibaba reported a gross merchandise volume of $248 billion on its three major trading platforms, more than those of eBay and Amazon.com combined. The sales of Walmart in the 2014 fiscal year reached $437 billion.
