HANGZHOU, March 21, 2016 (Xinhua) -- Alibaba China retail marketplaces real-time gross merchandise value (GMV) in fiscal year 2016 reached three trillion RMB (about 463 billion U.S. dollars) in Hangzhou, capital of east China's Zhejiang Province. This means Alibaba Group, China's leading e-commerce company, might exceed Wal-Mart and become the world's biggest retail platform in fiscal year 2016, according to analysis.
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