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

nytimes.com

31–40 of 177 posts

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

#31
As a European that takes in a good bit of american business reporting (doesn't everyone?), I'm kind of amused and surprised at how China's rhymes. The common sense understanding of a consumer driven economy, the fantastical scale.

I sort of imagine that to a caricature of an old americana businessman, this sale is a significant event. The quantity of the chinese market (even per capita, by the satisfyingly physical measure of "biggest sale ever" and it's easily visualised as a mountain of packaged goods), is a quality of its own^. At least, that is what my caricatured character believes intrinsically.

^This is a made up quote attributed to Stalin. I love how american sounding it is, in retrospect.

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

#32
post #27

"One offer, from the Chongqing-based online alcohol brand Jiang Xiao Bai, allowed 33 fast-moving customers to make a single payment of 11,111 yuan, or $1,673, for a lifetime supply of a grain liquor known as baijiu"

A gallon of baijiu is a life time supply of baijiu, dependent on intake rates.

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

#33

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…

China quality is fairly meaningless considering iphones etc are also manufactured in China. Overall I've never been disappointed with what I have purchased from China. Always does what it says on the tin.

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

#34

Earlier quoted context omitted.

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?

their latest quarterly report I believe

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

#35

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…

You don't know how to shop from China.

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

#36

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.

Would you have that data then? Also note that neither Google nor Microsoft break out their cloud computing revenues, making comparisons difficult, although you can figure out upper bounds by the nearest business unit.

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

#37

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.…

Is it possible to buy from Tmall via an English-language website?

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

#39
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 added a few dollars to the frenzy. Been adding items to my Aliexpress shopping cart for the last week. Mostly small electronics hobbyist items and Arduino compatible boards and sensor modules. Pulled the trigger after the 11.11 sale opened up.

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

#40

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…

Probably depends a lot on what you are buying. I've been buying electronic components, Arduino compatible boards and sensors, that kind of stuff for a while. Quality has been pretty solid with all of it, about 100 orders so far across a bunch of different merchants. I've heard that clothing can be really hit and miss.
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