Alibaba expects to almost double gross product value to $912 bln by financial 2020

A sign of Alibaba Group is seen at CES (Customer Electronics Program) Asia 2016 in Shanghai, China, May 12, 2016.

Reuters/Aly Song/File Picture

<articleLocation” > Chinese e-commerce firm Alibaba Group Holding Ltd stated on Tuesday it anticipates to record 6 trillion yuan ($ 912 billion) in gross product volume (GMV) in financial 2020, almost double the 3.09 trillion yuan it expects this . The company disclosed the 2020 projection throughout an investor conference at the business’s headquarters in Hangzhou in Zhejiang province.

Executive Chairman Jack Ma likewise said Alibaba expects to have 2 billion customers by 2036, up from 423 million active purchasers in 2016.

( Reporting by Yimou Lee in HONG KONG; Writing by Anne Marie Roantree; Editing by Kenneth Maxwell).

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