Ali expects to trade trillions of dollars next year

Zhao Ying, president of the global business of Alibaba Group, which was listed in the US, said at the Internet Economy Summit in Hong Kong on the 15th that the total turnover of Alibaba.com is expected to reach US$1 trillion by 2020.

Zhao Ying pointed out that in 2018, Alibaba’s website has a total turnover of more than 700 billion US dollars, and it is expected to continue to maintain rapid growth in the future. She said that because the Internet economy is low-key, fast, and helpful to the less developed regions, Ali hopes to develop the digital economy more inclusively and greener, and help SMEs to obtain more development opportunities. She also pointed out that Ali has set a long-term strategic goal of globalization, which will cover 2 billion customers in 2036.