Wednesday, August 12, 2015
Alibaba Sees Sales Slowdown
Alibaba said the gross merchandise value (GMV) transacted on its China retail marketplaces in the quarter ended June 30, 2015 was 673 billion yuan (109 billion dollars), an increase of 34% year-on-year.
Daniel Zhang, CEO of Alibaba Group, said: “We are excited about our top strategic priorities, including internationalization, winning in mobile, expanding our ecosystem from cities to villages, and investing in core technologies that will propel our cloud computing business.” source: Alibaba statement
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