121–130 of 177 posts
Earlier quoted context omitted.
Less than 4 liters of any alcoholic drink, including pure 100% alcohol, sounds like a month-long supply at the very best.
I think the parent wanted to say baijiu is an acquired taste.
According 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...
For someone having never ordered from alibaba or aliexpres - other than briefly fleeting with drone spare parts - what exactly of use and purpose would you buy from there? I can see large scale uses for industrial machinery / commodities but what about the day to day consumer. Pointless gadgets? I briefly looked at lightinthebox for female accessories and they seemed tacky, overly glittery and just plain cheap lookin…
I have ordered Lepin from AliExpress, which is a Lego knockoff—the sets are the same, but the prices are 25%, and the quality is 90%.
If you want to buy LEGO knockoffs that's fine, but there are plenty of brands that are almost as cheap as Lepin and produce original (non-stolen) designs.
Earlier quoted context omitted.
I really don't think the US is prepared for what happens when the entire world turns towards Chinese consumers and away from them.
Why would this happen? Are French markets ignored because the US exists? Nobody wants to leave billions on the table...
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That's a bit of a misleading stat since most consumer spending is on stuff like housing/transportation/food/utilities.
That's not misleading at all. That's how consumer spending is measured. How would you go about explaining that water, electricity and food are not consumption goods, but an iPad is?
Earlier quoted context omitted.
That's a bit of a misleading stat since most consumer spending is on stuff like housing/transportation/food/utilities.
That's not misleading at all. That's how consumer spending is measured. How would you go about explaining that water, electricity and food are not consumption goods, but an iPad is?
Comparing apples to apples would mean comparing the amount spent online in the U.S. with a single company. Even comparing apples to pears would mean comparing all online sales in the U.S. to Alibaba 11.11 sales.
Comparing all "consumer spending" in the U.S. with Alibaba 11.11 sales is, well, it's misleading.
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…
It's still a hugely significant number. $18B is $13.20USD for every man, woman and child in China. Considering China's GDP is $8000USD, that's basically 60% of a single day's earnings for every person in China being spent at just one company in 12 hours. It would be the same as everyone in the US spending $100 on the same day or $32B in a single day (which is almost half of US online spending for a year).
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'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…
As well as getting really cheap stuff, AE is really handy for getting hard to find things. Especially if you live in a small town as I do.