Grazed from Bloomberg. Author: Editorial Staff.
Alibaba has highlighted trillions of dollars in Chinese household savings as a key driver of growth, with the company pledging to keep investing in business and geographical expansion, even if it drags on earnings in the short-term. The company is also looking overseas for growth, as Chairman Jack Ma targets serving 2 billion consumers and supporting 10 million profitable business around the world in 20 years... Read more from the source @ http://www.bloomberg.com/news/articles/2016-10-13/alibaba-sees-tremendous-challenge-for-pure-e-commerce-business
|
|||