Meanwhile, its range of services gets ever wider, and potentially harder to value. As well as accounting for the majority of China's e-commerce, a market worth $204 billion last year according to the China Internet Network Information Centre, Alibaba now has a mobile operating system, offers trade financing to vendors and may even start offering consumer loans. The company's chief strategist says it aims to be "the world's biggest data sharing platform."
与此同时,它的业务范围却变得日益广泛,这也可能使估值变得更加困难。阿里巴巴占据着中国电子商务市场的大部分份额。而据中国互联网信息中心(China Internet Network Information Centre)统计,去年中国电子商务市值为2,040亿美元。如今,阿里巴巴有一个移动操作系统,为供应商提供贸易融资,甚至可能开始提供消费贷款。公司首席策略师称,公司的目的是打造“全球最大的数据共享平台”。
Fortunately, there are two numbers that really matter. One is how much Alibaba can sell. The other is its "take," or what percentage it gets from each transaction on its sites. That take might come through advertising or through transaction fees, or a mixture of both. But ultimately, it represents the cash the company can squeeze out of its sellers. Other services like lending may create revenue, but for now they are mainly ways to lock in users and maintain market share.
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