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Alibaba's Online Mall Chief Wants to Double Sales in 3 Years
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Alibaba's Online Mall Chief Wants to Double Sales in 3 Years
Jiang Fan, who runs the company’s two biggest e-commerce businesses, wants to double transaction volumes on its Tmall service in three years. Alibaba doesn’t disclose dealings over the platform, which helps brands and companies sell goods to 600 million-plus buyers, but it’s one of the single largest online retailers in China’s $1 trillion e-commerce arena. Beyond investing in cloud services and making inroads into international markets such as Southeast Asia, Alibaba is also intent on becoming the window through which brands from Valentino to L’Oreal sell stuff to an increasingly affluent middle class.
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