Alibaba saw its revenue grow 56% year-on-year in fourth quarter of 2017. File photo: ReutersBeijing: Chinese e-commerce giant Alibaba, headed by one China’s richest men Jack Ma, created over 36.8 million jobs last year via its expansive retail ecosystem, a study has said. The company’s various e-commerce platforms like Tmall and Taobao, which covers over 500 million consumers, offered about 14.05 million jobs to online retailers in 2017, a report from the Renmin University of China said. The booming online retail service also helped boost demand for professionals in upstream and downstream sectors like R&D, design, manufacturing and logistics, totalling about 22.76 million jobs, state-run Xinhua news agency reported. Alibaba saw its revenue grow 56% year-on-year in the fourth quarter of last year.

Source: Mint April 09, 2018 14:26 UTC