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WTF - $2 Billion In Sales In 1 Hour... WTF - $2 Billion In Sales In 1 Hour...
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Old 11-10-2014, 11:12 PM   #1
EddyTheDog
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WTF - $2 Billion In Sales In 1 Hour...
That's fucking impressive - The stats that come out of China are getting more amazing by the day - It's almost scary...

http://www.bbc.co.uk/news/business-29999289

Quote:
Online retailer Alibaba says it sold $2bn (£1.2bn) of goods in the first hour of China's annual "Singles' Day"...

..."I bet the number [of goods bought] is going to be scary," said Alibaba's executive chairman Jack Ma last week. He estimated that 200 million packages would be shipped from orders made during the day.
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Old 11-10-2014, 11:21 PM   #2
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my orders are in cart ,,,waiting for the countdown.........
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Old 11-10-2014, 11:29 PM   #3
AllAboutCams
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I still can not believe that people buy from them i always thought they where a scam.
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Old 11-10-2014, 11:43 PM   #4
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Old 11-10-2014, 11:45 PM   #5
EddyTheDog
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I still can not believe that people buy from them i always thought they where a scam.
I thought the same - Everything I looked at looked very dodgy...
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Old 11-11-2014, 12:16 AM   #6
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I thought the same - Everything I looked at looked very dodgy...
me too and then they got a 25 Billion IPO...
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Old 11-11-2014, 01:59 AM   #7
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I thought the same - Everything I looked at looked very dodgy...
Bought multiple items from there, only 1 phone was a scam.. still trying to get back at least a part of the cash, but the dispute progress is super slow (opened 5-6months ago lol)
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Old 11-11-2014, 09:04 AM   #8
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China rulez the world...
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Old 11-11-2014, 09:14 AM   #9
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1/2 of ebay stuff seems to ship from China, so no real difference no?
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Old 11-11-2014, 09:15 AM   #10
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Great, a site full of knock-off's, patent infringing, trademark violating Chinese assholes is flooding the world with more cheap shit. Amazing.
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Old 11-11-2014, 09:20 AM   #11
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The World Bank estimates that the global middle class is likely to grow from 430 million in 2000 to 1.2 billion in 2030. China and India will account for two-thirds of the expansion. (Source: Euromonitor. March 2010)
http://trendwatching.com/trends/statusphere/

I was just reading this earlier ...
Porn is illegal in China and rather restricted (production wise) in India.

But for mainstream digital goods these markets will have appeal. The Chinese and Indian definitions of the " middle class' " spendable incomes will not be the same as western incomes so many hard goods from western countries, made with western wages may be to expensive for export but goods made in Asia, paying local wages, will be marketable.

Digital goods may be the exception ...
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Old 11-11-2014, 11:16 AM   #12
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Dupe post.
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Old 11-11-2014, 11:17 AM   #13
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I buy dildos by the pallet full from China.
5000at a time.
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Old 11-11-2014, 11:40 AM   #14
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I buy dildos by the pallet full from China.
5000at a time.
But that is not porn :P
Those are legitimate sanctioned export goods ...
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Old 11-11-2014, 11:58 AM   #15
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Luxury shopping malls in China
http://www.suzhouvillage.com/en/brands/brands

Thing is, this is a limited new phenomena now.
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Old 11-11-2014, 12:05 PM   #16
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Great, a site full of knock-off's, patent infringing, trademark violating Chinese assholes is flooding the world with more cheap shit. Amazing.
It's now called "Clones"
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Old 11-11-2014, 12:13 PM   #17
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Nice trade deal announced today between China and Canada - cutting the dollar out completely.

Invest in defense contractors... I smell a war a brewin and its not from last nights curry.
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Old 11-11-2014, 12:39 PM   #18
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I buy dildos by the pallet full from China.
5000at a time.
This is a serious business but what he said made me laugh.
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