Alibaba.com Aims for 20% Growth in 2024 Despite Competition Challenges
Thursday, 6 June 2024, 11:02
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.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.