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Will Alibaba be world's 5th largest economy? [Copy link] 中文

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Post time 2017-6-19 14:12:35 |Display all floors
(Shanghaiist) After making $2.8 billion overnight, Jack Ma is feeling pretty good about his company, estimating that by 2036, Alibaba will be the world's fifth-largest economy.

Speaking to company investors at Alibaba's headquarters in Hangzhou earlier this week, Ma laid out an ambitious vision for the e-commerce giant's future.

“If a company can serve two billion consumers, that is one-third of the total population of the world. If a company can create 100 million jobs, that is probably bigger than most governments can do. If a company can support 10 million profitable businesses on its platform, this is called an economy,” Ma said, according to SCMP.

Currently, Alibaba would rank as the 22nd largest economy in the world, right behind Argentina. By 2020, the company has set a target of reaching $1 trillion in gross merchandise, which would raise it to around 16th on the list, just ahead of Indonesia.

Of course, moving all the way up to the top five might be a bit difficult, requiring Alibaba to surpass the GDP of countries like Germany, the United Kingdom, France and India. Though, maybe it would finally make Ma stop saying that founding Alibaba was the biggest mistake of his life.

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