Alibaba's Tmall chief wants to double sales volume in three years

The Tmall Cat mascot for Alibaba Group Holding Ltd.'s Tmall online marketplace is displayed on boxes of Coca-Cola Co. products inside an RT-Mart hypermarket operated by Sun Art Retail Group Ltd., backed by Alibaba, Auchan Retail International S.A. and Ruentex Group, in Shanghai, China, on Sunday, Nov. 11, 2018. Alibaba logged 10 billion yuan ($1.44 billion) in sales in the opening minutes of its annual Singles' Day extravaganza, outpacing last year’s start and on pace to smash a record as shoppers swarmed the e-commerce giant’s online bazaars. Photographer: Giulia Marchi/Bloomberg