Alibaba.com Aims for 20% Growth in 2024 Despite Competition Challenges

Thursday, 6 June 2024, 11:02
Alibaba's B2B e-commerce platform, Alibaba.com, is targeting a 20% growth in Gross Merchandise Volume (GMV) for 2024, projecting US$60 billion. The president of the sourcing platform remains confident in its trajectory, dismissing competition from Pinduoduo (PDD) and ByteDance. Despite challenges from competitors, Alibaba continues to position itself for growth and dominance in the B2B e-commerce sector.
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Alibaba.com Aims for 20% Growth in 2024 Despite Competition Challenges

Alibaba's Growth Projection

Alibaba.com, the B2B e-commerce platform, is determined to achieve a 20% growth in GMV in 2024, aiming for US$60 billion by year-end.

Competition Dismissal

The president remains unwavered by rising competition, particularly from Pinduoduo and ByteDance, emphasizing Alibaba's strength in the market.

Strategic Positioning

Despite challenges, Alibaba is forging ahead with growth strategies to maintain its dominance in the B2B e-commerce landscape, showcasing resilience in the face of competition.

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