Chinese e-commerce company Alibaba Group Holding Ltd is aiming to more than double its transaction volumes to more than $1 trillion in five years, Executive Chairman Jack Ma told a conference in Chicago on Wednesday.
http://www.reuters.com/article/2015/06/10/us-usa-economy-alibaba-growth-idUSKBN0OQ2D120150610
Ma said the group would achieve $1 trillion in sales in five years.
A spokesman for the group said he was referring to ross merchandise volume, a measure of the transactions across its various platforms, which came to roughly $390 billion in the past fiscal year.
(Reporting by Nandita Bose in Chicago; Editing by Phil Berlowitz)
