Alibaba has more users than the population of the USA

Stay tuned to Alibaba Group 阿里巴巴 and Ant Financial 蚂蚁金服
According to the figures there are more people using Alibaba (TaoBao, AliPay etc) than the entire population of the US – about 2/3 of China’s internet population last time I checked.

Now the in bustling “Tier1” cities such as Shanghai, mobile payment via Alipay is the norm in shops, restaurants, and as city-dwellers become accustomed to leaving their wallets at home, non-acceptance of Alipay is not a good business strategy.

While that’s true in certain cities, there’s still enough room for growth across the rest of China to allow Alibaba’s growth figures to continue defying the macro economic picture for some time to come, even without realizing international potential.

see eg: http://www.shanghaidaily.com/business/consumer/Alibabas-32-jump-in-revenue-beats-forecast/shdaily.shtml

 

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s