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Sales on online marketplaces cross $1 trillion in 2016

Online marketplaces’ growing role in e-commerce is a global phenomenon. In the United States, it’s Amazon.com Inc. that is dominating online retail. In China, it is Alibaba Group Holding Ltd.’s multi-merchant shopping portals that account for three-quarters of all online spending in the country. In other regions, there are large players like MercadoLibre Inc., Flipkart […]

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