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September 19, 2014

Alibaba's Tmall to end dominance of Amazon to become world's biggest ecommerce company

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It seems that the Chinese eCommerce juggernaut keeps on demolishing  the american internet dominance, as after  the grand success of Alibaba's maiden ADR.Its Tmall .Having overtaken eBay to become the world's second largest internet retailer, Tmall ( a subsidiary of Alibaba.com) appears to be on an unstoppable trajectory to the top. However what most people does not know.is that the entire growth has come to China.. The biggest reason why " China continues to strike gold at eCommerce is because of  its extremely robust domestic market.

Meanwhile  Euromonitor in its latest  report  projects the end of Amazons dominance in eCommerce. "New Study Says Alibaba's Tmall Will Overtake Amazon as the World's Biggest Ecommerce Site by 2015 in terms of revenue:  This will make  making Tmall the world’s largest eCommerce site
 Tmall’s revenues should hit $120 billion by 2017, according to Euromonitor. Amazon’s revenues will likely be $100 billion by then"