36.8 mn jobs created in 2017 by this one company; see how
It is nothing short of a shock and awe moment as one company has created tens of millions of jobs reportedly. Chinese e-commerce giant Alibaba, headed by one China's richest men Jack Ma, created over 36.8 million jobs last year via its expansive retail ecosystem, a study has revealed.
Alibaba's various e-commerce platforms like Tmall and Taobao, which covers over 500 million consumers, offered about 14.05 million jobs to online retailers in 2017, a report from the Renmin University of China said.
Apparel and textiles, daily necessities and home appliances were the top three retail items that offered the most jobs, the report showed.
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The booming online retail service also helped boost demand for professionals in upstream and downstream sectors like R&D, design, manufacturing and logistics, totalling about 22.76 million jobs, state-run Xinhua news agency reported.
Alibaba saw its revenue grow 56 per cent year-on-year in the fourth quarter of last year.
As the e-commerce market evolves, professionals who can make mid- and long-term development plans, are capable of reforming business models and combining digital technologies with offline retail skills, are in high demand, the report said.