Posted November 05, 2018 03:00:17In China, ecommerce is an emerging industry, where the country’s largest ecommerce platform, Alibaba, has emerged as a key player in the market.
Alibaba is building a global ecommerce network that includes online stores like Amazon and eBay.
In China, the Alibaba-backed company has already been making money, even before the new tax law took effect.
In its latest earnings report, Alibaba reported that revenue in China for the fourth quarter of 2018 came in at $10.9 billion, up from $9.8 billion for the same quarter of 2017.
This year, Alibaba also reported sales of $3.8 trillion.
While the company has been busy making big bucks, Alibaba has not yet released details about how it is making money.
The company says that it generated a total of $8.3 billion in total revenue for the period, with $1.2 billion coming from overseas.
Alibaba’s business in China is growing, but its total revenue is still not as impressive as the US.
Alibaba made $11.3 million from China during the quarter.
The company is also expected to make even more money in 2019, when it will start to pay taxes in China.
While Alibaba is the biggest ecommerce company in China, it is not the only one that is operating a successful ecommerce business.
Amazon, Alibaba’s parent company, recently announced that it will open a $1 billion fulfillment center in China this year.
This will be the biggest fulfillment center to ever be established in the country.
Alibaba has already invested $600 million in China to expand its ecommerce presence, and this is likely the next phase of expansion.