Alibaba's Ma sees $1 trillion in transactions in five years
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Thomson Reuters
Jack Ma, Founder and Executive Chairman of Alibaba Group addresses the Economic Club of New York
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Ma said the group would achieve $1 trillion in "sales" in five years.
A spokesman for the group said he was referring to "gross merchandise volume," a measure of the transactions across its various platforms, which came to roughly $390 billion in the past fiscal year.
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(Reporting by Nandita Bose in Chicago; Editing by Phil Berlowitz)
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