Alibaba Aims For $1 Trillion GMV Annually By 2020

The Chinese ecommerce site Alibaba has announced that it wants to achieve one trillion US dollars gross merchandise volume annually by 2020. Joe Tsai, the Executive Vice Chairman of the company, has said that the latest trends in the world of technology will be key to Alibaba's success in the coming years. The areas mentioned by Tsai included AI and content. He said that “the purpose [of feeding such technologies into Alibaba's business plan] is to build long-term value for Alibaba”.