Business / Technology

Alibaba eyes 2 billion users by 2036

(Xinhua) Updated: 2016-06-15 09:57

Alibaba eyes 2 billion users by 2036

Alibaba's Executive Chairman Jack Ma delivers a speech at an investor conference at the company's headquarters in Hangzhou, East China's Zhejiang province, June 14, 2016. [Photo/Xinhua]

HANGZHOU - Chinese e-commerce giant Alibaba on Tuesday said it eyes recording 6 trillion yuan ($912 billion) in gross merchandise value by 2020, nearly doubling the 3.09 trillion yuan in fiscal 2016.

The 2020 forecast was disclosed by Alibaba during an investor conference at its headquarters in eastern city of Hangzhou.

Speaking at the conference, Executive Chairman Jack Ma said Alibaba expects to have 2 billion users by 2036, up from 423 million active buyers in 2016.

Meanwhile, Ma pledged to intensify a crackdown on fake goods as part of Alibaba's efforts to remove counterfeit products from its online platforms.

Alibaba will do "anything to stop fake products," Ma vowed.

"I promise you guys that counterfeits, fake products, and intellectual property theft - we are more and more confident than ever that we can solve the problem," he added.


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