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Taobao.com breaks record for online sales in a day - $3.1 billion USD

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Re: Taobao.com breaks record for online sales in a day - $3.1 billion USD

#91

Earlier quoted context omitted.

In other words, you're trying to justify your own racism? (If you have to preface your statements with "This may sound horrible and racist", they probably are.)

His statement was never racist, which is probably why he qualified racist with "may sound." China isn't a race.

you are so superficial.

Re: Taobao.com breaks record for online sales in a day - $3.1 billion USD

#93
As a witness, I am so proud. HBase also plays a pivotal role in this Crazy sales. One important application of taobao read 10Gbps and write 5Gbps data per second from HBase. Another incredible thing is that 1000 million trades has been processed in Alipay in one day, and even unbelievable thing is , they don't use Any IBM mini computers, instead, they only use 10 PCs with fusion IO devices in the trade database.

Re: Taobao.com breaks record for online sales in a day - $3.1 billion USD

#94

Earlier quoted context omitted.

Two words of praise followed by a stream of acknowledged personal biases and admitted stereotypes, which are forwarded anyway. For what reason? To prove the author's own point that he/she doesn't understand the scale of a company which serves one billion people? My humble suggestion is this: next time, if you don't have a good reason to recite publicly a litany of unfounded assumptions about an entire country and peo…

While I agree with what you have to say, it's hard to support you're point of view when you're saying like that. Be civil. It seems (to me, at least) that you're saying it so aggressively and childishly, your comments are likely to be discarded and ignored rather than considered.

Unfortunately, you're right. I think it's a bit ridiculous that people are more offended by incivility than racism, though.

Re: Taobao.com breaks record for online sales in a day - $3.1 billion USD

#95
post #16

Does anyone know what they did in 2011 from a sales perspective? They are a marketplace for small retailers, so I'm curious what their margins are or commissions they take. What % of the total online commerce for that day was this? Also are these all credit card transactions or are they COD? Other forms of payments? Is taobao handling all the payment transactions? sorry for all the questions, I don't read chinese so…

They own their own version of PayPal which lots of people use, which easily links up with all of the major Chinese banks + debit cards. They also do a lot of pre-paid business where people go into the post office and put money on their account. Sounds weird but it's huge over there. Don't know about commissions but given how fiercely competitive the market is (and most of the competition is on price) there is no chan…

I had the opportunity to work on a seller buyer chat for a company which attempts to be the indian taobao, turns out there is very little traction for the real-time version. That feature got removed pretty quickly.

However, a craiglist like email based system between buyer and sellers which replaced the chat worked tremendously better in the Indian setup. At least from the India marketplace perspective it looks to be sometime before the same model works here.

Hardly anything like Paypal in India though.

Re: Taobao.com breaks record for online sales in a day - $3.1 billion USD

#97

Surprised nobody is talking about the most interesting part. Taobao runs almost entirely on Nginx-Lua-MySQL. And I mean entirely. There is no application server just Nginx. And every request is non blocking all the way from user to database and back. Very, very fast. http://news.ycombinator.com/item?id=2390816 In fact one of the developers from Taobao wrote the Lua integration.

Yeah, Agentzh(thats his handle everywhere) is very active in the Nginx community! He seems to be the one who worked quite a bit on the lua integration.

Re: Taobao.com breaks record for online sales in a day - $3.1 billion USD

#98
post #94

Earlier quoted context omitted.

While I agree with what you have to say, it's hard to support you're point of view when you're saying like that. Be civil. It seems (to me, at least) that you're saying it so aggressively and childishly, your comments are likely to be discarded and ignored rather than considered.

Unfortunately, you're right. I think it's a bit ridiculous that people are more offended by incivility than racism, though.

To be fair, that's a reasonable position for a person who's "not really racist, but holds opinions that they concede certainly sound racist when said out loud".

Re: Taobao.com breaks record for online sales in a day - $3.1 billion USD

#99

Earlier quoted context omitted.

Why? Because those are common misconceptions that I am far from alone in holding. Bringing them up in the face of a monumental achievement is helpful for both myself and others who have had similar thoughts.

In other words, you're trying to justify your own racism? (If you have to preface your statements with "This may sound horrible and racist", they probably are.)

He was being honest about his own perceptions, and willing to admit they may not be correct. By all means let's have less honesty and less self awareness.

Re: Taobao.com breaks record for online sales in a day - $3.1 billion USD

#100
Beyond being impressed by Taobao's scale, I would caution HN readers not to fall into the trap of thinking about China as a monolithic unit. Assuming that China is homogenous is just as foolish as assuming America is homogenous. Taobao's success is also tied to their ability to understand the drastic cultural differences between different areas of the country, and understanding how to market to these "countries within a country." If you are unfamiliar with China, I would highly suggest reading about Patrick Chovanec's "Nine Nations of China."

1. http://chovanec.wordpress.com/2009/11/16/the-nine-nations-of... 2. http://www.theatlantic.com/magazine/archive/2009/11/the-nine...

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