Alibaba become the largest retailer in the world

Hangzhou Assault online company's biggest, China's Alibaba Group Holding Ltd, said earlier this week that his company has becoming the largest retailer in the world and official, with its total volume traded online in the fiscal year ending March 2016, surpassing annual sales of Wal-Mart.

Online trading company with headquarters in the city of Hangzhou has not posted a gross trading volume (GMV) in the fiscal year at the end of March. But the company announced on March 21 that China's retail sales rose more than 3 trillion yuan ($ 475,89) in gross trading volume in the last fiscal year.

Alibaba's fiscal year begins on April 1 and ends on March 31. The company Wal-Mart Stores Inc. has announced revenues of 482,1 billion in its fiscal year that ended in March January 31.

Alibaba said in a statement that gross trading volume GMV, which is the most that the retail market the world's largest exchange by selling common to online sales.

In the same statement, said: 'We have used for 13 years to demonstrate the power of a unique business model compared to retail stores.

According to Alibaba, said the trading volume of its online is equivalent to 10 percent of total retail sales in China, the company has created 15 million jobs directly.