/* ---- Google Analytics Code Below */

Wednesday, April 06, 2016

Alibaba Exceeds Wal-Mart

Alibaba Surpasses Walmart As Largest Retail Company In The World
 by Tyler Durden on 04/06/2016

We may not have the exact numbers yet, but in a filing with the SEC on Tuesday, China's online retail behemoth Alibaba Group announced that it had "become the largest retail economy in the world" at the end of its fiscal year on March 31, "as measured by gross merchandise volume (GMV) on its China retail marketplaces." As IBT notes, the company has yet to declare its financial results for its last quarter and the complete fiscal year, but the announcement makes it clear that BABA surpassed the $482.1 billion in 2015 revenues reported by Wal-Mart Stores Inc. for its fiscal year ended Jan. 31. ... " 

No comments: