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Alibaba - Page: 2
China doesn't want to be the world's technology manufacturer; it wants to displace Silicon Valley as the world's technology innovator.
The Chinese ecommerce company made more than $17 billion in sales this year.
A look at the giant ecommerce spectacle, by the numbers.
This year's event would feature a performance by Katy Perry, virtual reality shopping and a live-streamed fashion show in Shanghai allowing viewers to pre-order items as they appear on the catwalk.
"We passed an important milestone this quarter in achieving higher monetization of mobile users than non-mobile users for the first time," Chief Financial Officer Maggie Wu said.
Questions about Alibaba's growth rate and its relations with affiliated companies have dogged the firm for years.
Echoing that growth, Chairman Jack Ma said Alibaba expects to have 2 billion consumers on its books by 2036, up from 423 million active buyers in 2016.
The ecommerce company has been dogged for years by accusations that its online shopping platforms were conduits for counterfeiters and critics say it has not done nearly enough to stop the problem.