Chinese e-commerce giant Alibaba is expected to surpass US multinational firm, WalMart soon as the world’s largest retail platform with its total trading volume this fiscal year set to exceed US$463.3 billion, Press Trust of India (PTI) reported, citing an official media.
An official announcement by Alibaba Group Holding Ltd is expected to be made at the end of this fiscal year on March 31.
WalMart Stores Inc posted net sales of US$478.6 billion for its fiscal year ending Jan 31, while the latest trading volume figure for Alibaba amounted to three trillion yuan (US$463.3 billion), the company said yesterday.
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