Chinese e-commerce giant Alibaba Group Holding Ltd said it expects to nearly double its transaction volumes by 2020, signalling it still expects rampant growth as executive chairman Jack Ma pledged to intensify a crackdown on fake goods.
At an investor conference at its headquarters in Hangzhou, Zhejiang province, Alibaba said it expects to record 6tril yuan (RM3.72tril) in gross merchandise volume (GMV) in fiscal 2020, nearly double 3.09tril yuan (RM1.91tril) in fiscal 2016.
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