What are individuals buying on Alibaba? All I see is "Contact Supplier". Are individuals buying in bulk?
Alibaba hits nearly $18B in ‘Singles Day’ orders in 12 hours
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Re: Alibaba hits nearly $18B in ‘Singles Day’ orders in 12 hours
#112Url 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.
Just use the mobile page without paywall https://mobile.nytimes.com/2017/11/10/business/alibaba-singl...
Re: Alibaba hits nearly $18B in ‘Singles Day’ orders in 12 hours
#113The Alibaba Group's revenue for the entire 2017 was ~$23B (see https://finance.yahoo.com/quote/BABA/financials?p=BABA ), so making $18B in a single day sounds unbelievable. Is one of these numbers incorrect?
the alibaba site is a marketplace, the $18B are made by all the merchants, not soly by the alibaba group
Re: Alibaba hits nearly $18B in ‘Singles Day’ orders in 12 hours
#114What are individuals buying on Alibaba? All I see is "Contact Supplier". Are individuals buying in bulk?
They are buying on Aliexpress.
Re: Alibaba hits nearly $18B in ‘Singles Day’ orders in 12 hours
#115According to Bloomberg they were processing over 1/4-million transactions per second. What are they doing that Bitcoin and Ethereum can't do?
https://www.bloomberg.com/news/articles/2017-11-10/alibaba-s...
Re: Alibaba hits nearly $18B in ‘Singles Day’ orders in 12 hours
#116Re: Alibaba hits nearly $18B in ‘Singles Day’ orders in 12 hours
#117Every 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…
And your prediction will certainly be true because Chinese are usually not very honest and like to brag that they have just set another new record (I'm married to a Chinese and she says the same).
Re: Alibaba hits nearly $18B in ‘Singles Day’ orders in 12 hours
#118According to Bloomberg they were processing over 1/4-million transactions per second. What are they doing that Bitcoin and Ethereum can't do? https://www.bloomberg.com/news/articles/2017-11-10/alibaba-s...
Not running transactions against a massively distributed blockchain using a proof of work system?
Re: Alibaba hits nearly $18B in ‘Singles Day’ orders in 12 hours
#119According to Bloomberg they were processing over 1/4-million transactions per second. What are they doing that Bitcoin and Ethereum can't do? https://www.bloomberg.com/news/articles/2017-11-10/alibaba-s...
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Re: Alibaba hits nearly $18B in ‘Singles Day’ orders in 12 hours
#120According to Bloomberg they were processing over 1/4-million transactions per second. What are they doing that Bitcoin and Ethereum can't do? https://www.bloomberg.com/news/articles/2017-11-10/alibaba-s...
> What are they doing that Bitcoin and Ethereum can't do?
Processing over 1/4-million transactions per second.