Apr 112016
 

Alibaba overtook America's Walmart

Alibaba overtook America’s Walmart to be world’s largest retailer, according to Stationery News.

It has “become the largest retail economy in the world as measured by annual gross merchandise volume (GMV) on its China retail marketplaces.”

WalMart, founded in 1945, generated an annual worldwide revenue of $485.7 billion in 2015, making it last year’s biggest retailer.

Contributed By Sonia Narula

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