Head of Alibaba’s online supermall sets a clear goal - double sales in three years by selling a very wide range of products
Published : Wednesday, 08 May, 2019<p>
Alibaba Group Holding apparently has a great plan, according to Jack Ma’s lieutenants at list. According to Jiang Fan, who is running the largest ecommerce businesses here, wants to make sure that he doubles the Tmall transaction service volume in the next 3 years. Alibaba is not showing dealings on the platform, so it helps various companies sell to buyers a lot easier and simpler than ever before.
It seems that the company shares are 1.2% higher in New York City, which is a great gain for them, especially since they had it in a week. And since the market didn’t really change that much, results were quite astonishing. These goals are quite high compared to what the company has to offer, but if it incubates 100 new brands and they all do 1 billion yuan per year, then that might work very well in the long run. The service already has more than 100 million buyers over the last year, and it seems that the pace can be retained. Everything from Australian baby formula to American cherries is in demand by the increasingly affluent middle-class consumers.
Jian said that they are offering a new range of user benefits and a true focus on growth. He ran Taobao for more than a year, and since March he started working on Tmall as well!
<a target="_blank" href="https://www.scmp.com/tech/e-commerce/article/3007753/alibabas-online-mall-chief-wants-double-sales-three-years-selling">Source</a><br>