Alibaba Marketplace Transactions Reach Rp 6 Quintillion

22/11/2016 12:26 WIB

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Alibaba's 2016 e-commerce transaction value (ending March 2016)

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Alibaba's 2016 e-commerce transaction value (ending March 2016)

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Alibaba's total transaction value in 2016 (ending March 31st) reached 3.092 trillion yuan, equivalent to 6.013 trillion Indonesian Rupiah at an exchange rate of Rp 1,945 per yuan. Compared to the previous year, this transaction volume, representing China's largest e-commerce platform, grew by 26.5 percent.

According to Bloomberg data, Alibaba's Gross Merchandise Transaction Value (GMV) comprised 1.88 trillion yuan from Taobao Marketplace and 1.22 trillion yuan from Tmall.

Meanwhile, by platform, mobile transactions on Alibaba's marketplace dominated at approximately 65 percent, or around 2.009 trillion yuan (USD equivalent not specified in the source text), with the remaining 1.082.6 trillion yuan originating from desktop.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."