DUBLIN, March 9, 2016 /PRNewswire/ --
The global e-commerce software and services spending market is set to grow at a CAGR of 17.20% during the 2014-2019 period , according to an industry report available from Research and Markets. The report states that the market is experiencing significant growth, and notes how certain organizations across various industries are benefiting from using e-commerce technology. One such company is Alibaba Group Holding Ltd., who was revealed today to be in the process of syndicating a USD 4 billion loan.
China's largest e-commerce company has hired eight banks from around the world to act as mandated lead arrangers for syndication. The banks, which include Citigroup Inc., Goldman Sachs Group Ltd. and Morgan Stanley, are expected to start marketing the loan from USD 3 billion. It is believed Alibaba Group will use the proceeds from the syndicate to finance future mergers and acquisition investments.
The global e-commerce logistics market is forecast to grow at a CAGR of 9.69% by 2020, as noted in a recent report. The report states that collaborations between e-commerce companies and logistics providers will encourage growth in this area. Alibaba Group may take this into consideration when looking for future investments, and as a result the market could see further growth.
The e-commerce IT spending market in China is set to grow at a CAGR of 20.73% by 2019, as predicted in a recent report. However, this market is sure to see even higher growth, as Alibaba Group are expected to continue investing heavily in this market to ensure their dominance over the competition.
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SOURCE Research and Markets