Alibaba Become The World's Largest Retail Companies
Alibaba group submitted a regulatory document to the U.S. Securities and Exchange Commission (SEC) and announced that as of the end of the fiscal year ending March 31, 2016, "according to the group in the Chinese retail market commodity transaction amount (Gmv) computing", the group has "become the world's largest retail e-commerce company", but did not provide specific data.
《International Business Times》 pointed out that although the Alibaba Group has not yet announced last quarter and full year earnings, but the regulatory documents provide this information made it clear that the group's annual revenue has more than Wal-Mart, thus becoming the world's largest retail giants. In the 2015 fiscal year ended January 31st, Wal-Mart's revenue was $482.1 billion.
The newspaper in his report, said: "Alibaba Group announced on April 5th 2016, calculated according to its total commodity trading in the Chinese retail market, and as of March 31 (at the end of the fiscal 2016) the group has become the world's largest retail economy. For the total amount of commodity trading group Alibaba data, PWC has implemented a previously agreed audit procedures.
It needs to be pointed out is, before Alibaba group to the U.S. Securities and Exchange Commission submitted this document the two weeks, the group executive vice chairman Joseph Tsai on March 21 published a blog announced: "from now ended in March 2016 for the fiscal year ended the remaining 10 days time, and Alibaba Group in China's retail market platform of total merchandise trade has exceeded the 3 trillion yuan, about $476 billion; if we run this platform compared to a province, then we will be China's sixth largest provincial economy."
If you press this data to calculate the annual revenue of the Alibaba group, the group's fiscal year 2016 revenue is expected to be about $490 billion, which is higher than Wal-Mart's annual revenue of about $8 billion.
According to another statement issued by the Alibaba group, the group's online trading volume in the Chinese market, the proportion of total retail sales has reached about 10%, and directly create 15 million jobs.
At present, although Alibaba group 12 months history of earnings is much higher than Wal-Mart, but the latter is still slightly higher than the market value of Alibaba group. As for the Amazon market capitalization of up to $275 billion, that is another matter.
Compass is a consulting & service agency for the corporations to enter Chinese market.
We can provide the one-stop services of investment inspection & business connection, collaborator recruiting & sales agent recruiting, mall entry, intellectual property protection, offline advertising, purchasing & Logistics, Chinese website design & promotion, and business translation.
If you corporation are interested in Chinese market and need help, please contact Compass.
Our specially-assigned staff will reach you within 24 hours.