We use our own and third-party cookies to optimize your experience on this site, including to maintain user sessions. Without these cookies our site will not function well. If you continue browsing our site we take that to mean that you understand and accept how we use the cookies. If you wish to decline our cookies we will redirect you to Google.
Already have an account? Sign in.

 Remember Me | Forgot Your Password?

Alibaba Claims Retail Market Crown For Itself; Analysts Disagree

April 6, 2016: 12:00 AM EST
Alibaba Group declared itself the world’s largest retailer as of March 31, 2016, the end of its fiscal year, according to its filing with the U.S. Securities and Exchange Commission. In March 2015, Alibaba group executive vice chairman Joe Tsai said the company has recorded 3 trillion yuan, or about $476 billion, in gross merchandise volume. Some retail market analysts, however, disagreed with Alibaba’s pronouncement, saying the company’s business was too different from that of Walmart and hence there cannot be a meaningful comparison. Moody’s Investors Service debt and retail analyst Charles O’Shea said Walmart’s status as a physical retailer is a different business model than that of Alibaba.
Evan Clark , "‘Retail Economy’: Alibaba Claims Top Spot, Experts Take Exception", Women’s Wear Daily, April 06, 2016, © Fairchild Fashion Media
China Business
Focus Areas
Market News
North America
United States of America
Companies, Organizations
Market News
Developed by Yuri Ingultsov Software Lab.