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-   -   WTF - $4 BILLION In An Hour... (https://gfy.com/showthread.php?t=1178449)

EddyTheDog 11-11-2015 01:09 AM
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...

sandman! 11-11-2015 01:18 AM
fuck yea thats alot :2 cents::2 cents::2 cents:

$5 submissions 11-11-2015 01:20 AM
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

mineistaken 11-11-2015 01:53 AM
Quote:
Originally Posted by $5 submissions (Post 20632124)
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? :error

Seth Manson 11-11-2015 02:21 AM
Nickatilynx and OldJeff make more than that in 10 minutes.

Google Expert 11-11-2015 02:24 AM
what are they selling? i checked it out a couple of times and there were nothing but cheap chinese knockoffs for sale

Phoenix 11-11-2015 03:04 AM
Quote:
Originally Posted by Muad'Dib (Post 20632143)
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

jamesonjames 11-11-2015 03:24 AM
unbelievable! O.O

CurrentlySober 11-11-2015 03:28 AM
Quote:
Originally Posted by Phoenix (Post 20632159)
chocolates and shit..
Will order immediately :thumbsup

mineistaken 11-11-2015 08:26 AM
Quote:
Originally Posted by Muad'Dib (Post 20632143)
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).

dyna mo 11-11-2015 08:29 AM
i don't believe a single stat that alibabi releases, especially something outrageous like that. they consistently bullshit the #s.

EddyTheDog 11-11-2015 08:32 AM
Quote:
Originally Posted by mineistaken (Post 20632383)
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.
........

seeandsee 11-11-2015 09:16 AM
well, congrats to alibaba

Google Expert 11-11-2015 09:20 AM
Quote:
Originally Posted by mineistaken (Post 20632383)
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

CamTraffic 11-11-2015 09:33 AM
Quote:
Originally Posted by mineistaken (Post 20632383)
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

mineistaken 11-12-2015 08:26 AM
Quote:
Originally Posted by CamTraffic (Post 20632435)
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.

CAHEK 11-12-2015 08:55 AM
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 :(

Denny 11-12-2015 09:44 AM
Serious biz :pimp


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