Alibaba aims one trillion dollar transaction volume

Chinese biggest and largest e-commerce giant Alibaba Group Holding Ltd has raise is targets in other to double its annual transaction volume to over $1 trillion within the next four years, (2020)  the firm’s chief executive made this known on Wednesday.

“What I can share with you is that in four years we have a very clear goal which is in fiscal 2020, Alibaba wants to be the first company to have a retail market base scale of over $1 trillion, so that is our clear goal in the next three to four years,” Daniel Zhang 

In his words he reiterated the company plans to aim double of its annual transaction by 2020, he made this known while given his speech at a conference in Cape Town.

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