Alibaba's magic still casting money spells

Chinese giant Alibaba Group Holding expects to double its transactions volumes by 2020, and still expects considerable growth.

The company, currently holding an investor conference, said it anticipates a $912 bn merchandise volume in four years.

Alibaba says expects revenue growth of 48 percent in fiscal year 2017 https://t.co/K0zcCLUjGr$BABApic.twitter.com/lnC3qlojIK

— Yahoo Finance (@YahooFinance) June 14, 2016

Executive Chairman Jack Ma answered critics saying the company was intensifying efforts to prevent fake products from appearing on its online outlets.

Alibaba has been accused of being an avenue for counterfeiters.