26-06-2018 11:08 via thedrum.com

Alibaba: The revolution is heading west

Alibaba aren’t in the UK yet. But they are coming. They're targeting $1 trillion in gross merchandise volume by 2020. To put this in scale for you – this is roughly 30% of the UK’s entire GDP.
I’m in awe of Alibaba and their chairman, Jack Ma. According to their 2017 fourth quarter results, they have over 500 million active customers and 80% of their transactions were on mobile in 2017. 
Jack Ma’s strategy is two-pronged:
1) Forget retail traditi
Read more »