The service has already been integrated with Canada - headquartered Shopify (NYSE: SHOP), one of the largest multi-channel commerce platforms, boasting more than 500,000 merchants with
a total gross merchandise volume exceeding $ 45 billion.
The company was founded in the year 2004 and reports that it has 275,000 merchants using its platform, with
a total gross merchandise volume exceeding ten million dollars.
But, from an interesting payments perspective, 90 percent of
the total gross merchandise volume for the 24 - hour shopping event was settled through Ant Financial's Alipay.
The total gross merchandise value for orders from overseas markets was RMB 219.6 million.
Alibaba did 35 billion yuan in business during last year's festival, and Tech research firm IDC predicts this year's
total gross merchandise volume (GMV) will reach $ 8.62 billion.
Suning's in - store sales will count toward Alibaba's
total gross merchandise volume, as long as they go through final processing online, an Alibaba spokesman said.
Not exact matches
In reality, net profit is calculated after overhead expenses have been subtracted from
gross profit (
total sales less cost of
merchandise).
For purposes of our 2015 incentive plans, «global eCommerce
gross merchandise value» or «global eCommerce GMV» is defined as the
total sales value of
merchandise sold or transacted where the transaction originates online, excluding the sale of gift cards.
The drop in revenue growth came as
gross merchandise volume — the
total value of goods transacted across Alibaba's platforms — rose 34 percent to 673 billion yuan ($ 105 billion), also the slowest growth in more than three years.
On Nov. 11 last year, Alibaba shopping websites including Tmall.com and Taobao Marketplace generated $ 5.8 billion in GMV (
gross merchandise value) in a 24 - hour period; the online sales
total for Thanksgiving Day, Black Friday and Cyber Monday combined was $ 3.6 billion last year, according to comScore.
That's the
gross total raised, minus
merchandise production and administrative costs.
The movie would later go on to
gross over $ 1.1 billion at the global box office, bringing the
total Transformers franchise to a
total gross of over $ 3.7 billion and that doesn't even include
merchandise.
Gross Merchandise Value is pretty much what it sounds like, the total value of merchandise sold through a particular site at the retail price paid by th
Merchandise Value is pretty much what it sounds like, the
total value of
merchandise sold through a particular site at the retail price paid by th
merchandise sold through a particular site at the retail price paid by the consumer.