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Alibaba Group Expects to Beat eBay, Amazon Sales

'The gap is getting bigger,' official says.

There’s no doubt that Alibaba Group, China’s biggest e-commerce company, is a powerhouse in Asia, but the company is also outdoing Western companies.

That was the message Saturday during the company’s ninth annual AliFest in Hangzhou, China, when the company’s Chief Strategic Officer Zeng Ming told reporters that Alibaba Group is expected to have more sales this year than eBay and Amazon, combined.

Ming notes that Alibaba has done “rough” calculations, and found that it grew at a pace similar to the two retailers last year, but that it is outdoing them this year.

“The gap is getting bigger and bigger,” he tells Reuters.

Alibaba Group officials say the company hopes to make $473 billion in annual sales, or 3 trillion yuan, from its online marketplace Taobao in the next five to seven years, according to Reuters.

About the author

Olga Munoz
Olga Munoz is editor of TheOnlineSeller.com. In addition to writing news and feature articles about e-commerce, selling trends, online marketing and other topics of interest to online sellers, Olga manages the site's social media efforts. A journalism graduate of Chico State, Olga says her favorite part of being a journalist is learning interesting facts that help put stories into perspective, attending industry events and meeting interesting people "that leave you smiling, even in tough situations." Opinions expressed here may not be shared by The Online Seller and/or its principals.



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