1. LINE

      Text:AAAPrint
      Economy

      Alibaba expected to reach growth target

      1
      2017-06-12 09:14Global Times Editor: Li Yan ECNS App Download
      (Alibaba's GMV)

      (Alibaba's GMV)

      Firm will have to focus more on bricks and mortar: experts

      Chinese e-commerce giant Alibaba Group will reach its gross merchandise volume (GMV) target of $1 trillion by 2020, analysts said, but the company will need its bricks-and-mortar connections to maintain its growth momentum.

      Considering its current GMV and annual growth rates, Alibaba will achieve its goal for online transaction volume in the next three years, Lu Zhenwang, founder of Shanghai Wanqing Commerce Consulting, told the Global Times on Sunday.

      "If it can keep its annual growth rate at 20 percent, it can reach its goal. But it should take into account the fact that the growth of the e-commerce business market has been decelerating in recent years," he said.

      In the 2017 fiscal year, the GMV on the company's retail marketplaces grew 22 percent year-on-year to $547 billion, Alibaba said in its annual financial report released on May 18. Within that amount, the mobile GMV accounted for 79 percent of the total.

      During the company's 2017 Investor Day Summit on Friday, Alibaba's Executive Chairman Jack Ma Yun told the audience that his target for Alibaba is to hit a GMV of $1 trillion in the fiscal year ending March 31, 2020, create 100 million new jobs and serve 2 billion customers, Alibaba's website said.

      Alibaba, which is listed on the New York Stock Exchange, saw its share price soar by 58.8 percent on a year-to-date basis on Friday, closing at $139.44.

      Growth engine

      "The company's rapid growth is now highly dependent on its Tmall platform and it aims to embrace more traditional large-scale retailers and department stores," Lu said. Lu further noted that Alibaba has been shifting its focus from its online marketplace, Taobao, to Tmall, which has been established as a brand-building platform. The total online retail market scale reached 5.3 trillion yuan in 2016 in China, up 39.1 percent year-on-year, according to a report released by domestic industry research center 100ec.cn on May 17. Alibaba's Tmall accounted for 57.7 percent of the market share in the business-to-consumer sector, ranking first, the report showed.

      The number of online consumers in the country grew 8.6 percent year-on-year in 2016, rising to 500 million.

      Thanks to increasing consumer demand in China, as well as the penetration of the Internet, Alibaba will be able to maintain its growth momentum, Liu Dingding, a Beijing-based industry expert, told the Global Times on Sunday. "To achieve the target, Alibaba has to further tap into the rural market in China and overseas markets," he said.

      In 2016, the e-commerce market scale in China's rural areas reached 482.3 billion yuan ($70.9 billion), surging by 36.6 percent year-on-year, 100ec.cn report showed. And it is expected to surpass 600 billion yuan in 2017.

      Investing in brick-and-mortar stores is still challenging for e-commerce firms and retailers, as they have to resolve certain issues such as higher operating costs, Lu noted. In the next three years, Alibaba's transaction volume will be equal to that of some national economies around the world, and may even surpass that of some middle-income developed countries, he said.

      Based on the current GMV, Alibaba is ranked the 22nd largest economy in the world, news outlet huxiu.com reported. And the company is expected to become the world's fifth largest economy in 2036.

      "The company will disrupt traditional business models and technology, so the application of new technologies, for example, drone-powered delivery, is highly likely," he said.

        

      Related news

      MorePhoto

      Most popular in 24h

      MoreTop news

      MoreVideo

      News
      Politics
      Business
      Society
      Culture
      Military
      Sci-tech
      Entertainment
      Sports
      Odd
      Features
      Biz
      Economy
      Travel
      Travel News
      Travel Types
      Events
      Food
      Hotel
      Bar & Club
      Architecture
      Gallery
      Photo
      CNS Photo
      Video
      Video
      Learning Chinese
      Learn About China
      Social Chinese
      Business Chinese
      Buzz Words
      Bilingual
      Resources
      ECNS Wire
      Special Coverage
      Infographics
      Voices
      LINE
      Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.
      主站蜘蛛池模板: 特级精品毛片免费观看| 色九月亚洲综合网| 国产麻豆免费观看91| 亚洲图片校园春色| 精品免费久久久久久久| 亚洲成综合人影院在院播放| 亚洲精品国产免费| 亚洲啪啪免费视频| 成人AV免费网址在线观看| 中文字幕在线观看亚洲视频| 拍拍拍又黄又爽无挡视频免费| 国产亚洲精品成人AA片| 日韩视频在线免费| 国产大陆亚洲精品国产| 亚洲欧洲日产国码高潮αv| 羞羞视频免费网站在线看| 亚洲精品亚洲人成人网| 免费无码又爽又刺激高潮视频| 亚洲视频一区在线| 免费黄色网址入口| jzzjzz免费观看大片免费| 国产AV无码专区亚洲AV男同| 99久热只有精品视频免费看| 456亚洲人成在线播放网站| 国产成人一区二区三区免费视频| 免费一级特黄特色大片| 人人狠狠综合久久亚洲婷婷| 91九色老熟女免费资源站| 亚洲国产精品网站在线播放| 亚洲人成电影在线播放| 久久永久免费人妻精品下载| 2020久久精品亚洲热综合一本| 亚洲国产成人久久综合一区77| 日韩免费人妻AV无码专区蜜桃| 97久久国产亚洲精品超碰热| 亚洲国产91精品无码专区| 免费无遮挡无码永久视频| 亚洲av无码有乱码在线观看| 精品亚洲综合在线第一区 | 中国人免费观看高清在线观看二区| 亚洲处破女AV日韩精品|