Alibaba featured in Chinese Fortune 500 for the first time

Alibaba featured in Chinese Fortune 500 for the first time

Alibaba Group has featured in the Fortune China 500 for the first time. The list, based on the gross Chinese turnover of companies, shows that its competitor, JD.com, is still ahead of Alibaba.

Fast growers

Last year, Alibaba's turnover surpassed 70 billion yen (10.08 billion euro), which has given it the 81st spot in the list, while JD.com, another eCommerce company, jumped from 79th to the 45th spot thanks to a 115 billion yen (16.56 billion euro) turnover. That means JD.com has managed a 66 % turnover increase compared to the year before.

 

It is China's largest online retailer in China, which means that many of its transactions are actual turnover, whereas Alibaba provides a platform for other sellers, limiting the turnover flowing back to Alibaba itself.

 

Unsurprisingly, the fast growers in the Fortune China 500 are internet-based companies. On average, their turnover grew 40 % over the last year, whereas turnover for all companies is well below that number, at + 5 %.

Questions or comments? Please feel free to contact the editors


Rocket Internet wants to go public with Home24

19/01/2018

Rocket Internet wants to go public with its furniture web shop Home24 in the summer. During the next few months, it will work tirelessly to improve the web shop’s results.

Carrefour buys stake in Showroomprivé

12/01/2018

Carrefour has obtained a 17 % minority stake in flash sale seller Showroomprivé with the intent of increasing its digital and non-food reach. Former shareholder Conforama did suffer a loss.

Will free home delivery disappear?

15/12/2017

A growing number of online orders also brings additional pressure on the logistical industry. Free home delivery can no longer be maintained according to research company ECC Köln. More flexible options should be installed.

Amazon brings its private labels to Europe

14/12/2017

After it introduced Amazon Prime to an increased number of European markets, Amazon is now bringing in its own FMCG private labels. Over the past few weeks, the online department store launched several private label products in Europe and it has plans for even more. 

Amazon Echo is now available in the Benelux

11/12/2017

Amazon announced it will ship its smart speaker Amazon Echo to another 28 countries, including Belgium and the Netherlands. Its own music streaming service will also get a local launch.

Luxury manufacturers can block retailers from selling on Amazon

07/12/2017

Luxury product manufactures can block retailers from selling their merchandise on online marketplaces like Amazon. The European Court of Justice has ruled on the matter after cosmetics manufacturer Coty filed a complaint.

Back to top