Alibaba is more powerful than Amazon and eBay combined

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16 June 2017 à 11h28

Updated on 17 June 2019 à 11h55

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1 minute

Publication: 16 June 2017 à 11h28, Updated on 17 June 2019 à 11h55

Reading time: 1 minute

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Publication

16 June 2017 à 11h28

Updated on 17 June 2019 à 11h55

Reading time

1 minute

Publication: 16 June 2017 à 11h28, Updated on 17 June 2019 à 11h55

Reading time: 1 minute

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Last year, Alibaba’s processed more than US$547 billion in transactions,more than the combined sales of Amazon and eBay. However, Alibaba’s turnover figure is much lower, as the group operates market places, with brands owning the stock. In the fiscal year to March 2017, Alibaba’s retail revenue reached US$19.45 billion (+49%) and it expects a 49% growth in the current year.

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