The gross merchandise volume (GMV) in Alibaba's platforms surpassed $1 trillion for the first time in the 12 months ended March 31, 2020, reaching RMB 7.053 trillion, while there were 960 million annual active users.
During the analyst call, Zhang Yong, chairman of the board and CEO of Alibaba Group, said Alibaba will create at least another RMB 1 trillion in new GMV increments in fiscal year 2021.
Zhang Yong said that Ali will further develop the advantageous ability of digital operations to stimulate domestic demand potential.
With China's epidemic prevention and control entering a normalized phase and consumer demand recovering strongly, the Ali China retail market paid GMV has recovered to the same level as in the December quarter of last year so far this quarter after the start of the new fiscal year.
Since April, Tmall FMCG physical GMV has increased by about 40% year-on-year.
Zhang Yong also suggested that the process of fighting the epidemic will make digital lifestyles and ways of doing business increasingly the norm, and that "the general trend of socio-economic and life-wide towards digitalization is a high degree of certainty in the midst of uncertainty".
According to Alibaba's vision, 2 billion consumers will be served, 100 million jobs will be created and 10 million SMEs will be helped to become profitable by 2036.
