Follow Slashdot blog updates by subscribing to our blog RSS feed

 


Forgot your password?
Close
typodupeerror
×
China

Alibaba's Singles' Day Sales Top $38 Billion (techcrunch.com) 26

Posted by msmash from the how-about-that dept.
After 24 hours of frenzied buying and selling, and weeks of advertising and promotions before it, the Alibaba Group said today its sales hit another record high on Singles' Day, the biggest shopping day on the planet. From a report: The Chinese e-commerce giant said its 11th Singles' Day event sold goods worth 268 billion yuan, or $38.3 billion, easily exceeding last year's record $30.7 billion haul. Electronics gadgets and fashion items were among the most sold goods this year, company executives said in an interview. More than half a billion people from a number of countries participate in the event, which is China's equivalent to Black Friday and Cyber Monday. Except, Singles' Day is much larger. The five-day Black Friday clocked under $25 billion in sales last year. Alibaba Group said earlier today that it had netted its first $1 billion in sales this year in just 68 seconds. The shopping glitz hosted a number of celebrities including Taylor Swift and Asian pop icon GEM to generate buzz.
This discussion has been archived. No new comments can be posted.

Alibaba's Singles' Day Sales Top $38 Billion More

Alibaba's Singles' Day Sales Top $38 Billion

Comments Filter:

  • Missing details (Score:2, Funny)

    by Anonymous Coward
    After 24 hours of frenzied buying and selling of lotion, tissues, cat food, Doritos, and Mountain Dew...

  • Impressive. (Score:3)

    by cshark ( 673578 ) on Monday November 11, 2019 @01:04PM (#59403500)

    I'm more interested in some of the back end stuff they put together to make this happen. We know that Alibaba is based on php, presumably 7.x. They're probably on an A3 bucket or some kind of containerization and load balancing. I would love to know more about this, so I could nerd out on their specs.

    • > PHP
      > cloud

      You could not be more the opposite of a nerd if you had an iDevice....

      Do you have pointy hair and fake "nerd" glasses that go with your iWatch, perchance?

    • It's stunning: "Alibaba Group said earlier today that it had netted its first $1 billion in sales this year in just 68 seconds"

      A billion is still a big number, right? A silicon valley unicorn is a startup whose valuation reaches $1B. Alibaba made up a new national (international) holiday, hyped it, and sold $1B of goods in the first 1 minute and 8 seconds. To facilitate that much commerce that quickly. This is how technology inevitably leads to wealth consolidation.

      • This is how technology inevitably leads to wealth consolidation.

        Politics, not technology. Specifically: the way(s) in which politics affect how large companies are structured.

        Most companies have a small group of people (founders, CEO / board of directors, shareholders etc) that ehm.. profit from profits a company makes. For everyone else (employees, external suppliers etc) it is pick up crumbs in 'trickle down' fashion. Which is known to rarely work if ever. So yes, in this situation wealth tends to flow upward & concentrate in shareholders' hands.

        But let's ass

      • Re: (Score:2)

        by tlhIngan ( 30335 )

        Alibaba made up a new national (international) holiday

        Well, it is an international holiday - given it's Remembrance day to remember the men and women who serve and veterans and those that didn't make it back. (The US calls it Veteran's Day, because they have Memorial Day to celebrate their dead).

        It's ironic, simply because while China uses it to celebrate raw greed and capitalism, the rest of the Western world used the same to celebrate those who serve, served, and those who gave the ultimate sacrifice so w

        • Fancy that, China doesn't celebrate special days which only has meaning in the West, over wars it didn't start. And both WWs started as the West fighting against itself, so don't give us that crap about fighting for people's freedom, because Nazi Germany was also part of the West. Half of you were fighting against freedom. And certainly Japan didn't get delusions of imperialist grandeur from anywhere but the West. Communism is also a Western ideal, for that matter.

    • "We know that Alibaba is based on php, presumably 7.x."

      I think Alibaba was around well before php 7 was viable, maybe even before php 5? (wiki says yes, even before php 5)

      The migration is relatively simple (depending), but I wouldn't hold my breathe that everyone did it.

      Heck, they might even be using Hack.

  • +++ Some fake "day", and some random company made more money +++ [Comment goes here ] +++ Next up: In China, a bag of rice fell over! +++ News at 11! +++

    Please shoot me.
    No, actually, ... shoot them!

  • This is why American corporations welcome Chinese censorship. They don't even mind applying it to us here in America. That's how loyal they are.

    • It's sad they have less political and speech freedom there, but greater economic freedom.

      That should be a lesson to those who think free speech is all you need to have a powerful country, and secondary rights like economic freedom are to be arbitrarily ground underfoot.

      • China doesn't have greater economic freedom. They just have more people. That's it. More people with more spending money.

        American economic freedom is simply to vote for the ability for corporations to screw over their own people.
    • Then why do you keep voting to give corporations more power?

  • on anything? They lie. Constantly. About everything.

    • That's why I won't buy from ali{baba,express}. I don't trust them. I've heard too many stories about people getting broken junk or items not as advertised and then not getting their money back, notably lots of chinese diesel heaters. (The Germans who originally designed them are convicted price-fixers, and it costs more to buy parts for an Espar than it does to buy a whole chinese heater.) If you buy the same thing from eBay for the same price and it arrives damaged, you actually get your refund. Or Amazon,

      • Re: (Score:2)

        by Gabest ( 852807 )
        I always got a refund to my debit card when the package had been lost. Same process as on ebay.
  • Wow, that's a lot of future e-waste/landfill. I'm sure it's all very important stuff, too.
  • FYI. Purchase on Alibaba can be cancel without penalty within 7days. Rumour has it that “professor buyers” make up part of the “headline catching “ sale number. These buyers will cancel their purchases within 7 days. I would love to see the post 7 days sales number
  • They sell a lot of clothes while this is not the cheapest site. I always ordered clothes there but then I read Maurielle's recommendation on cheap handbag [mau-fashion.com] and I realized that sometimes I overpay buying their clothes. Thankfully, I changed this situation.

Slashdot Top Deals

Today is a good day for information-gathering. Read someone else's mail file.

Close