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WTF - $4 BILLION In An Hour... WTF - $4 BILLION In An Hour...
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Old 11-11-2015, 01:09 AM   #1
EddyTheDog
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:stoned WTF - $4 BILLION In An Hour...
China's Alibaba breaks Singles Day record as sales surge - BBC News

Quote:
Alibaba said more than $1bn was spent within eight minutes of midnight.
Within the first hour, it had made $3.9bn (£2.bn) in sales, almost double the amount spent in the same time period of the event last year.
That is just nuts...
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Old 11-11-2015, 01:18 AM   #2
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fuck yea thats alot
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Old 11-11-2015, 01:20 AM   #3
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Well, China's market is HUGE.

AliBaba = The Amazon of China without the diversification.

If you're looking for a stock to buy, check out Amazon.

Why?

1 word: AWS
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Old 11-11-2015, 01:53 AM   #4
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Originally Posted by $5 submissions View Post
AliBaba = The Amazon of China without the diversification.
Not really, alibaba is b2b wholesale marketplace. And not sure how would they know how much sales that generates, site is mostly just for contact, deals are made not through the site. I do some business there and have no idea how could they know sales amount.

Whole article sounds like they are talking about aliexpress or something, but why say otherwise?
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Old 11-11-2015, 02:21 AM   #5
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Nickatilynx and OldJeff make more than that in 10 minutes.
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Old 11-11-2015, 02:24 AM   #6
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what are they selling? i checked it out a couple of times and there were nothing but cheap chinese knockoffs for sale
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Old 11-11-2015, 03:04 AM   #7
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what are they selling? i checked it out a couple of times and there were nothing but cheap chinese knockoffs for sale
gifts to give people..chocolates and shit..mooncakes...etc
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Old 11-11-2015, 03:24 AM   #8
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unbelievable! O.O
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Old 11-11-2015, 03:28 AM   #9
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chocolates and shit..
Will order immediately
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Old 11-11-2015, 08:26 AM   #10
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Originally Posted by Muad'Dib View Post
what are they selling? i checked it out a couple of times and there were nothing but cheap chinese knockoffs for sale
Alibaba is not selling anything, it is just a place where various companies from all over the world list their products and contacts. Imagine craiglist where only wholesale companies post their ads.
That article must talk about aliexpress or something else. While they sell knockoffs they also sell everything else (no names, original local names etc).
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Old 11-11-2015, 08:29 AM   #11
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i don't believe a single stat that alibabi releases, especially something outrageous like that. they consistently bullshit the #s.
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Old 11-11-2015, 08:32 AM   #12
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Quote:
Originally Posted by mineistaken View Post
Alibaba is not selling anything, it is just a place where various companies from all over the world list their products and contacts. Imagine craiglist where only wholesale companies post their ads.
That article must talk about aliexpress or something else. While they sell knockoffs they also sell everything else (no names, original local names etc).
Quote:
Although its competitors offered attractive discounts, Fangting Sun, China-based analyst at market research firm Euromonitor International said that consumers' attention was still focused on Alibaba's online marketplace Tmall.com.
........
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Old 11-11-2015, 09:16 AM   #13
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well, congrats to alibaba
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Old 11-11-2015, 09:20 AM   #14
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Quote:
Originally Posted by mineistaken View Post
Alibaba is not selling anything, it is just a place where various companies from all over the world list their products and contacts. Imagine craiglist where only wholesale companies post their ads.
That article must talk about aliexpress or something else. While they sell knockoffs they also sell everything else (no names, original local names etc).
Yes, my bad. I mistook it for aliexpress < i have no idea who would buy anything from there
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Old 11-11-2015, 09:33 AM   #15
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Quote:
Originally Posted by mineistaken View Post
Alibaba is not selling anything, it is just a place where various companies from all over the world list their products and contacts. Imagine craiglist where only wholesale companies post their ads.
That article must talk about aliexpress or something else. While they sell knockoffs they also sell everything else (no names, original local names etc).
alibaba.com is selling to the public via aliexpress.com
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Old 11-12-2015, 08:26 AM   #16
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alibaba.com is selling to the public via aliexpress.com
That is what I already posted. Yet the article does not (or I missed) even mention it.
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Old 11-12-2015, 08:55 AM   #17
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I bought $2000 on Alibaba yesterday, but then they can't ship to my country. So waiting on my refund now from my credit card
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Old 11-12-2015, 09:44 AM   #18
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Serious biz
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