This Is What Alibaba Looks Like When They Sold $9 Billion In Merchandise In A Single Day

Discussion in 'Joint Venture & Internet Marketing News' started by William Murray, Nov 13, 2014.

  1. William Murray

    William Murray Administrator Staff Member

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    Now, before you carry on reading this short article, take a moment to imagine what $9 BILLION looks and feels like?

    Ok, now that's out of your system, that's just a CRAZY amount of sales for one company to pull in for one single days trading, isn't it?

    Well that's exactly what Alibaba turned over for Singles' day on November the 11th 2014. That's a staggering jump from $5.8 Billion from the same time last year.

    And if you ever wondered what one of their distribution centers look like on a recording-breaking day, here's a picture to ponder. Perhaps they should model the sleek and swift model Amazon have for their distribution centers?

    alibaba-1.jpg
    Looks like an organized mess, right?

    According to Alibaba, they shipped 278 million orders, up from 150 million packages they shipped last year.

    Singles’ Day, is an anti-Valentine’s Day holiday, which was formed in China two decades ago.

    It's a time when bachelors and bachelorettes celebrate the single lifestyle.

    Only a few short hours into the day, Alibaba breached $3.7 Billion in online sales, which hands-down beat last years Thanksgiving, Black Friday and Cyber Monday. (The largest online days for sales in the US).

    alibaba-3.jpg
    According to Business Insider Malaysia, Fourteen hours into Singles' day, the top five brands that Alibaba was selling ranked by GMV (gross merchandise value) were:

    1) Xiaomi — The Chinese smartphone company that is on pace to report $1 billion in profits this year

    2) Haier — The Chinese multinational consumer electronics and home appliances company

    3) Uniqlo — The Japanese apparel retailer

    4) Huawei — The Chinese multinational telecoms hardware and smartphone maker

    5) Linshimuye — The Chinese furniture retailer

    I wonder, is there some gaps in the Chinese Markets? ;)
     
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  2. Mike Newton

    Mike Newton Administrator Staff Member

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  3. William Murray

    William Murray Administrator Staff Member

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    It's jaw-dropping amazing Mike :D
     
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  4. Sue Fleckenstein

    Sue Fleckenstein Well-Known Member

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  5. William Murray

    William Murray Administrator Staff Member

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    Amazing isn't it Sue? : )
     
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  6. Gordon Russell

    Gordon Russell VIP Member

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    I was looking for a reference to the recent Alibaba float earlier this year and found an article reporting that Jack Ma went to Silicon Valley 15 years ago for $US2 million, only to be rejected by 30 venture capital funds.

    When the company floated it was now raising 10,000 times as much.

    http://www.brw.com.au/p/investing/inside_the_alibaba_float_PWgklrtqnnUw5qj0FXQgxO

    Bet there are some VCs who are kicking themselves for rejecting him now.
     
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  7. William Murray

    William Murray Administrator Staff Member

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    I bet there are Gordon :D
     
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  8. Paul Reaume

    Paul Reaume Moderator Staff Member

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    There are really no words to describe those photos. Except Alibaba! It's like magic that they accomplish so much.
     
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  9. William Murray

    William Murray Administrator Staff Member

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    It's mind boggling isn't it Paul :O

    250 million parcels in one day is unreal :D
     
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  10. Tania Shipman

    Tania Shipman Well-Known Member

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    I can't even get my head around that number. Also the total disorganisation in handling that. I hope they spend some of the profits on fixing up their distribution network.

    amazing!
     
    #10
Tags: Jack Ma, Alibaba

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