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Alibaba Plans to be the Fifth Largest “Economy” in the World by 2036

Alibaba Plans to be the Fifth Largest “Economy” in the World by 2036

Jack Ma has said that Alibaba aims to be the fifth largest “economy” in the world by 2036. Alibaba has set a target to achieve US$1 trillion in gross merchandise volume in 2019 which would make it the 16th or 17th largest “economy” in the world. The firm strives to become a global business and serve as many as two billion consumers worldwide in 19 years time.

“Alibaba has set a target to achieve US$1 trillion in gross merchandise volume in 2019.”

~ South China Morning Post

General Electric and Wal-Mart Stores, among the largest companies on the planet with the most extensive network of operations, have been compared to economies in the past. Wal-Mart’s 2002 sales was comparable with Australia, the world’s 22nd-biggest economy.

Related Report: South China Morning Post

 

About Alibaba

We provide the fundamental technology infrastructure and marketing reach to help merchants, brands and other businesses that provide products, services and digital content to leverage the power of the Internet to engage with their users and customers. Our businesses are comprised of core commerce, cloud computing, digital media and entertainment, innovation initiatives and others. Through investee affiliates, we also participate in the logistics and local services sectors.

Visit: Alibaba


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