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Tmall President: GMV Excl. Refunds Grows 10% YoY During 618
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BABA-W (09988.HK) Vice President and Tmall President Liu Bo remarked that the company's actual sales, meaning the GMV which excluded refunds, posted a YoY growth of 10%, during this year's 618 shopping festival, Chinese media reported. The number of purchasing users on the platform also charted double-digit growth. The e-commerce industry generally uses order GMV or payment GMV and rarely discloses GMV excluding refunds. AASTOCKS Financial News Website: www.aastocks.com |
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