Alibaba wants to become No. 1 in the world ... exceeding Wal-Mart

The Chinese giant Alibaba will invest 3.4 billion Euros for a huge warehouse network, and could exceed revenues of Wal-Mart in 10 years.

Alibaba has announced that he plans to invest 30 billion Yuan (3.4 billion Euros) in a network of sites of storage of goods.

With a total area of 3 million m2, these warehouses around major Chinese cities will accelerate deliveries. Alibaba could ensuring a period of 8 hours between shopping online and receiving the product.

Alibaba plans to double the daily transactions and reach 20 million next year (8 million today). On this basis, the CEO considers possible to exceeding the sales of Wal-Mart within the next decade.

Source: Les Echos