How many people use alibaba

In , The group also aims to provide better shipping services with shorter waiting days that also has the capacity to process more than million orders a day. In line with this expansion, the group set aside billion yuan for its five-year plan to boost its logistics network. Cainiao has since been processing million packages a day and brings down average shipping time from 70 days to 10 days in certain countries. Like most large companies, Alibaba understands investments in sales and marketing are crucial for success and overall brand image.

So, in , the group pumped 22 billion yuan into promotional and advertising campaigns all over. This was the highest the group has spent on ads, up from 2. This large amount contributed a large chunk of its total revenue. This revenue share has increased by 1. Alibaba Cloud offers a whole suite of cloud services, including management and application services, database, storage, and much more. This sector exists as a strategy to drive more revenue outside of its core commerce business. However, this percentage has decreased by 9.

The rapid growth of the ecommerce and m-commerce giant has played a significant role in creating employment opportunities. For the twelve months ended June 30, , annual active consumers of Taobao Deals rebranded to Taote grew to over million. Through Xianyu, users can find a rich variety of secondhand, recycled, refurbished, for-rent, and vintage products.

As of June 30, , Sun Art has stores in cities across 29 provinces in China , which is supported by its expertise in building strong regional procurement and supply chain capabilities in perishables, FMCG and general merchandise categories. Alibaba has stepped up its investment in Meituan competitor Ele. Dossier: China E-Commerce. Receive whitepaper and weekly updates on China digital trends, internet users and consumer insights, and tech innovations.

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I Accept Show Purposes. Your Money. Personal Finance. Your Practice. Popular Courses. Part Of. Retail and Manufacturing. Private Companies. News Company News. Key Takeaways Alibaba provides digital marketplaces for merchants and consumers. Alibaba's largest business is its core e-commerce operations.

Alibaba aims to be a leader in the development of the infrastructure of commerce. Alibaba and other giant tech companies in China have been ordered by Chinese authorities to stop blocking users of their apps from accessing rivals' services from within those apps. Article Sources. Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts.

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