And the world’s largest retailer is…

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If you think Amazon.com is the world’s largest retailer, you are wrong, or at least for the time being.

Alibaba (NYSE:BABA) says that it became “the largest retail economy in the world” at the end of its fiscal year on March 31, “as measured by gross merchandise volume on its China retail marketplaces.

“The company has yet to declare its fourth quarter and full year financial results, but the announcement makes it clear that Alibaba surpassed the $482.1B figure reported by Wal-Mart (NYSE:WMT) for its fiscal year ended Jan. 31.

alibaba

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