10 Best Selling Products On Alibaba: Economies all over the world are gravitating towards virtual commerce, given the rapid domination of e-commerce and digitized business models. Public companies in the West like Amazon.com, Inc. (NASDAQ:AMZN) and eBay Inc (NASDAQ:EBAY) have quickly become leading shopping destinations, spurring a vibrant economic model of selling and reselling that has not only benefited the companies themselves, but thousands of people who use their platforms.
Meanwhile, one company is also shepherding this brave new e-commerce model onto billions of Chinese citizens. That company of course is Alibaba Group Holding Ltd (NYSE:BABA), which has set itself up as the backbone of online commerce in China. Alibaba recently turned in an unexpectedly strong fourth quarter, with revenue of $5.88 billion, an increase of 42% compared to the same quarter of the previous year. That was fueled in part by a record $17.8 billion in Gross Merchandise Volume (GMV) during its latest Singles Day event, on November 11, 2016.
Alibaba’s GMV growth has been explosive, surging from $153 billion in 2012 to $466 billion in 2015. Annual active buyers increased in lockstep with the GMV growth, growing from 160 million to 407 million during that period. Alibaba also witnessed rapid growth in mobile sales, which rose from just ¥333 million (about $48.27 million based on current exchange rates) during the third quarter of 2013, to ¥2.45 billion ($356.2 million) by the second quarter of 2014.
Follow Alibaba Group Holding Limited (NYSE:BABA)
Follow Alibaba Group Holding Limited (NYSE:BABA)
Alibaba’s tremendous growth has occurred in spite of largely operating only in China. The company, which was founded by Jack Ma in 1999, and went public in the U.S in 2014, does not have a global presence. What it does have is domination of the lucrative and still growing Chinese market, with its Alipay, Taobao Marketplace, Tmall Platform, and Juhuasuan. The wide-range of platforms gives the company the power to play across all categories in China – from clothing and footwear to salt and electronics.
However, Alibaba, despite its immense clout as the biggest online retailer in the country, is also the largest perpetrator of online trading scams and seller of counterfeit products. Local suppliers are known to leverage their offshore manufacturing bases for the production of unlicensed clothing, footwear, electronics and other lifestyle product brands. Popular expensive branded and franchisee products such as Disney, Gucci, and Louis Vuitton are sold-off as original products.
Alibaba’s best-selling products are typically sold by Verified Suppliers or Gold Suppliers. These companies are large-sized companies with wide-ranging product portfolios. Now then, let’s shed some light on the 10 Best Selling Products On Alibaba, which are based on the latest weekly orders placed through AliExpress, beginning on the next page. For further e-commerce-related reading, don’t miss 11 High Margin Products to Sell on eBay and Amazon.
