Alibaba Group Holding Ltd is the largest Chinese e-commerce company. Up to 80 percent of all the online Chinese retails are accounted by Alibaba. In the last 12 months prior to June 30, the company had a gross merchandise volume of $296 billion. From this point of view, Alibaba is larger than Amazon and eBay combined. The second quarter saw a 46 percent increase in revenues, even more than the … [Read more...]
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