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Alibaba hits nearly $18B in ‘Singles Day’ orders in 12 hours

nytimes.com

21–30 of 177 posts

Re: Alibaba hits nearly $18B in ‘Singles Day’ orders in 12 hours

#21

Earlier quoted context omitted.

That doesn't sound right, unless microsoft has been shrinking: https://siliconangle.com/blog/2017/09/27/report-aws-leads-ia...

The data in your link is for 2016. It's the end of 2017 now. Alibaba Cloud is growing definitely much faster than Microsoft (126% vs 61%) and Google and bigger than Google. It is very close to Microsoft in terms of revenue if not bigger right now.

Source?

Re: Alibaba hits nearly $18B in ‘Singles Day’ orders in 12 hours

#22

I've only bought a few things from Alibaba over the years, but most of them have turned out to be either faulty or a typical case of 'chinese manufacturer disappointment' which has led me to being reluctant to buy anything larger/more expensive. When I was in Marrakech a couple of years ago, the guy who owned the riad we stayed in referred to many things in the souks as being "China quality", and I guess that's the p…

I have had some experience on Taobao and Tmall. Taobao is for C2C (customers to customers) while Tmall is b2c (business to customers). Tmall has better quality in general (the brands sell directly to customers). For Taobao, the quality varies greatly. For me, I always read the ratings and reviews, in particular negative reviews very carefully. If the percentage of negative reviews is high, I would avoid that product. So far, I have had good experience. I bought some really high quality goods at very low prices. Similar goods would cost a lot more on Amazon.

Re: Alibaba hits nearly $18B in ‘Singles Day’ orders in 12 hours

#23
post #4

Every year around this time we get the singles day news that yet another record has been broken. I'm going to guess it's going to be the same next year and the year after that since the Chinese middle class is growing (and adopting Western debt-driven spending). Not really a surprise. If anyone in the US wants to partake in the frenzy, I believe aliexpress is doing a Singles Day thing (using US timezone, so it hasn't…

This is interesting because the US was the record holder less than five years ago. Five years later, China's Single's Day is several times that of the US's Black Friday. Very soon, it will be an order of magnitude bigger than the Black Friday of the US.

More reasonable reason, the online shopping experience in China is much much better than in US. In China, if you are living some metropolis, the logistic is really faster than in US without any prime membership (normally within two days). And also the price is much cheaper compared with physical retail store. So, most people would prefer online shopping if possible.

Re: Alibaba hits nearly $18B in ‘Singles Day’ orders in 12 hours

#24

I've only bought a few things from Alibaba over the years, but most of them have turned out to be either faulty or a typical case of 'chinese manufacturer disappointment' which has led me to being reluctant to buy anything larger/more expensive. When I was in Marrakech a couple of years ago, the guy who owned the riad we stayed in referred to many things in the souks as being "China quality", and I guess that's the p…

What kind of things have you ordered? I order there often and had consistently solid products. I order mostly electronics and I order from companies that shipped over 1000 items with good reviews (which are fake but with over a 1000 it seems ok). Might have gotten Lucky but I order often And when something is wrong later on I have gotten a replacement no questions asked.

A good friend of me who used to be a manager of the repair department of a big computer manufacturer always told to switch a device on (laptop for instance) and have it run a something heavy (like a benchmark) for 24 hours to rule out factory issues. I never had any from Alibaba: I did have one from lightinabox who sent a laptop which caught fire during the test. They said I should not have done the benchmark and refused to refund so never bought anything there again.

To be honest I had more issues with Amazon (seller) products, but those also were quickly refunded or replaced.

Anecdotal ofcourse. Might be totally different when my next order arrives.

Re: Alibaba hits nearly $18B in ‘Singles Day’ orders in 12 hours

#25
post #5
post #3

Url changed from https://techcrunch.com/2017/11/10/alibaba-hits-nearly-18-bil... .

I would have preferred the old one, since the NYT article hits you with a paywall.

Clear the cache of NYT, and you can view another few articles.

Re: Alibaba hits nearly $18B in ‘Singles Day’ orders in 12 hours

#26
post #4

Every year around this time we get the singles day news that yet another record has been broken. I'm going to guess it's going to be the same next year and the year after that since the Chinese middle class is growing (and adopting Western debt-driven spending). Not really a surprise. If anyone in the US wants to partake in the frenzy, I believe aliexpress is doing a Singles Day thing (using US timezone, so it hasn't…

That is typical for the order times, it takes weeks. Now that it is the singles day, it would take even longer.

An easy solution is to look for the ones with ePacket shipping. It is tracked and you'd normally expect it in two weeks. Some give it for free, some charge about a dollar for it.

Re: Alibaba hits nearly $18B in ‘Singles Day’ orders in 12 hours

#28
post #4

Every year around this time we get the singles day news that yet another record has been broken. I'm going to guess it's going to be the same next year and the year after that since the Chinese middle class is growing (and adopting Western debt-driven spending). Not really a surprise. If anyone in the US wants to partake in the frenzy, I believe aliexpress is doing a Singles Day thing (using US timezone, so it hasn't…

If you're in the U.S. just wait a few more years because this is what Amazon models their Prime day after.

Re: Alibaba hits nearly $18B in ‘Singles Day’ orders in 12 hours

#29

Many people stayed up late last night to take advantage of limited-time deals (e.g. ones that were only available for the first minute after midnight) or deals that had only limited stock. Some friends of ours chose today to go to Ikea, figuring they'd be free from the usual massive crowds, as people would be at home doing online shopping, or sleeping in after staying up late last night. It turned out they were right…

Back when I was living in China, I wished China had the Black Friday as in the US because of discounts and promotions. Now I am back in the US, I wish the US had the Single's Day as in China. What a Change!

I feel like the deals in the U.S. have really gone downhill or maybe they were never deals to begin with. The internet has made everything pretty transparent at least.

Re: Alibaba hits nearly $18B in ‘Singles Day’ orders in 12 hours

#30
post #4

Every year around this time we get the singles day news that yet another record has been broken. I'm going to guess it's going to be the same next year and the year after that since the Chinese middle class is growing (and adopting Western debt-driven spending). Not really a surprise. If anyone in the US wants to partake in the frenzy, I believe aliexpress is doing a Singles Day thing (using US timezone, so it hasn't…

> I've had situations where items didn't arrive until weeks later and I had already forgotten that I'd bought anything.

I love that! It's like getting a present from myself.

(Depending on how important the item was, of course...)

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