Alibaba’s B2B e-commerce platform eyes 20% growth in 2024, shrugs off rising competition

Alibaba’s B2B e-commerce platform eyes 20% growth in 2024, shrugs off rising competition

Alibaba.com, a business-to-business (B2B) cross-border e-commerce platform owned by Alibaba Group Holding, is projecting US$60 billion in gross merchandise value (GMV) for 2024, which would be a 20 per cent increase over the US$50 billion last year, the platform’s president Zhang Kuo said. The sourcing platform’s turnover growth slowed after a sevenfold increase in GMV … Read more