Alibaba Singles' Day Sales Hit $8.6 Billion in First Hour | Bloomberg

[TaiShang]

Did some Li Ning and 361° shopping via 金东自营。

 

[liall]

Star-studded 11.11.

　　在昨晚的天猫双十一晚会上，马云主演的功夫电影《功守道》7分钟精华片段与观众见面。片段中主人公马师傅在“华山派”先后与泰拳、拳击、相扑等多个武术流派高手过招切磋，其中不乏众多超大牌武打明星，包括甄子丹、李连杰、吴京等等，不少网友纷纷感叹，有钱人真是“为所欲为”，“想打谁打谁”。

***

洪金宝 still looks cool

I recognize 3 guys in the picture. Ipman his boss and Jack Ma

 

[Han Patriot]

$25 billion in 24 hours: World's biggest shopping day sets new record | CNN (November 11, 2017)

24 bil$ in sales and hundreds of millions of parcels dispatched in a single day. This is what I call the next technological revolution, imagine the AI at work sorting and streamlining the logistics and payment systems. Unprecedented in human history.

 

[ashok321]

Singles' Day: Alibaba generates $25.3bn sales; more than Iceland's GDP

https://www.newsbytesapp.com/timeli...ingles-day-sale-records-implications-and-more

Sales reaching more than billion dollars per hour.

 

[Pyr0test]

bought 2 phones and a shedload of pots and pans, good haul this year

 

[djsjs]

bought 2 phones and a shedload of pots and pans, good haul this year

,child safety seat, baby food.Shelf，Light wave oven，Clothes.Bedside table.Mobile phone film.Paper towels.

 

[TaiShang]

Online shopping spree sees 331 mln packages on Singles' Day
Xinhua, November 12, 2017

At least 331 million packages were handled by Chinese postal and courier companies on Saturday's Singles' Day, 31.5 percent more than the same day last year, the State Post Bureau (SPB) said.

The number represents only some of the 850 million orders placed on Saturday, 29.4 percent more than last year, according to the SPB.

China's Singles' Day, Nov. 11, became an online shopping event in 2009 when Alibaba's TMall began promotions.

Alibaba's sales this year hit 168.3 billion yuan (about 25.4 billion U.S. dollars), up from 120 billion yuan from 2016.

JD.com, who started promotions at the beginning of this month, reported 127.1 billion yuan of orders.

Singles' Day is a challenge for the logistics sector in both order volume and service quality, said Liu Jun, SPB deputy director.

The SPB expects the number of packages handled between Nov. 11 and 16 to hit 1.5 billion, up 35 percent. Daily volume could be as much as three times the usual level.

http://china.org.cn/business/2017-11/12/content_41880297.htm

 

[cirr]

Are retailers cheating to win Double 11 battle?

2017-11-13 10:54 CGTN Editor: Gu Liping

Competition between China's retailers is always fierce on Double 11, but there are accusations between some of the the biggest online retailers that they were not playing fair.

Most notably, retail giants JD.com and Alibaba have pointed at each other alleging "questionable" calculations of headline sales numbers.

JD.com's data shows that its total sales exceeded 100 billion yuan (about 15 billion US dollars) from Nov 1 until just before 8 a.m. on Nov 11. But Wang Shuai, Senior Vice President of China Corporate Communications and Marketing at Alibaba Group questioned the calculation, indicating they should not take into account earlier sales ahead of Nov 11.

In response, one of JD.com's high-level executives, Xu Lei, fought back, saying, "Alibaba's calculation took into account of pre-sales 20 days ahead, why cannot we just include the 11 days ahead pre-sales?"

Besides this year's pre-sale marketing battle, major e-commerce giants have come up with new promotional tricks, such as coupons and new retail concepts. Instead of direct discounts, users can get all kinds of coupons through coupon sharing, lotteries and independent coupons from various retailers.

All contenders are now calling for new retail concepts to remain competitive. According to Alibaba, its version of new retail will integrate e-commerce, physical stores and logistics. Meanwhile, JD.com, under its "smart retail" concept, plans to open 200 more offline stores – mainly offering consumer electronics products by the end of this year, using bid data, AI, robots, drones and other new technologies.

http://www.ecns.cn/business/2017/11-13/280711.shtml

 

[TaiShang]

Courier companies running at full speed after Singles Day
Xinhua | 2017-11-13 07:36

Employees work at a distribution center of Express Mail Service in Hengyang city, Central China's Hunan province, Nov 12, 2017. Courier companies were running at full speed to deliver massive number of parcels after Alibaba Group's 11.11 Singles Day global online shopping spree on Nov 11. [Photo/Xinhua]

Employees work at a distribution center of Express Mail Service in Hengyang city, Central China's Hunan province, Nov 12, 2017. Courier companies were running at full speed to deliver massive number of parcels after Alibaba Group's 11.11 Singles Day global online shopping spree on Nov 11. [Photo/Xinhua]

An employee works at a distribution center of Express Mail Service in Hengyang city, Central China's Hunan province, Nov 12, 2017. Courier companies were running at full speed to deliver massive number of parcels after Alibaba Group's 11.11 Singles Day global online shopping spree on Nov 11. [Photo/Xinhua]

Employees work at the distribution center of a courier company in Weifang city, East China's Shandong province, Nov 12, 2017. Courier companies were running at full speed to deliver massive number of parcels after Alibaba Group's 11.11 Singles Day global online shopping spree on Nov 11. [Photo/Xinhua]

 

[onebyone]

Alibaba’s Single Day sales 5 times US Black Friday+ Cyber Monday
brian wang | 12 November 2017

Alibaba Group Holding Limited (NYSE:BABA) announced that US$25.3 billion (RMB168.2 billion) of gross merchandise volume (GMV) was settled through Alipay on November 11, 2017, (Single’s Day) an increase of 39% compared to 2016. Mobile GMV settled through Alipay accounted for 90% of total GMV.

The most recent quarter Alibaba’s revenue surged by 61 percent thanks to its core business in China.

US Retailers had a record $3 billion on Black Friday and then $3.45 billion on Cyber Monday last year. Both were records. Alibaba had over 5 times more than both those days combined.

Alibaba reported total quarterly revenue of RMB 55.1 billion ($8.3 billion), beating expectations of RMB 52.2 billion according to a Reuters poll with 61 percent growth. Net profit for the period increased by 146 percent to reach RMB 17.7 billion ($2.7 billion).

Alibaba raised its forecast for annual revenue growth from 49 percent to 53 percent as a result of an investment in logistics affiliate Cainiao which gave the firm a majority ownership.

Revenue from overseas also grew, up 115 percent year-on-year to RMB 2.9 billion ($433 million), thanks primarily through Lazada in Southeast Asia and the international Aliexpress service.

Luke Lango at Investorplace makes the case that Alibaba’s growth narrative is all about the China urbanization boom.

Alibaba now has 488 million annual active consumers.
Alibaba added 11 million active consumers three quarters ago,
12 million two quarters ago,
and 22 million last quarter.

Alibaba is also the leading cloud player in China. That growth narrative is also accelerating. Cloud computing revenues rose 96% in the first quarter of 2018. They rose 99% in the second quarter.

BABA stock trades at just 37 times fiscal 2017 earnings estimates of $5.04. Earnings are expected grow about 30% per year from that $5.04 base to $8.46 in fiscal 2019. A 37 times multiple for 30% growth is very cheap. That is a price-to-earnings/growth (PEG) ratio of just 1.2.

The S and P 500 is trading at 19.7 times 2017 earnings for roughly 10.7% annual growth expectations into 2019. That is a PEG ratio of about 1.8.

From a fiscal 2018 earnings base of about $6.50, multiyear growth potential will look more like 20% (versus 30% from fiscal 2017). If you apply a market PEG of 1.8 to that 20% growth, you get a “fair” P/E multiple of about 36. A 36-times multiple on $6.50 fiscal 2018 earnings implies a one-year price target of just under $235.

A market PEG of 1.8 to 22% growth would be a PE of a fair PE multiple of 39.6. Implied target would be 257.
A market PEG of 1.8 to 25% growth would be a PE of a fair PE multiple of 45. Implied target would be 296.

The Alibaba Economy at Scale

* Total GMV settled through Alipay was RMB168.2 billion (US$25.3 billion), an increase of 39% compared to 2016
* Total mobile GMV settled through Alipay was approximately 90% of total GMV, compared to 82% last year
* More than 140,000 participating brands and merchants
* Alipay processed 1.48 billion total payment transactions, up 41% from 2016, and processed 256,000 transactions per second at peak
* Alibaba Cloud processed 325,000 orders per second at peak
* Cainiao Network processed 812 million total delivery orders
* The first delivery arrived 12 minutes and 18 seconds after midnight

Globalization: Power of the Chinese Consumer

60,000 international brands and merchants available to Chinese consumers
225 countries and regions with completed transactions
167 merchants each generated more than RMB100 million (US$15.1 million) in sales, 17 merchants surpassed RMB500 million (US$75.4 million) in sales, and 6 merchants surpassed RMB1 billion (US$150.9 million) in sales
Top countries selling to China include: Japan, United States, Australia, Germany, South Korea

Disclosure – Brian Wang at Nextbigfuture owns Alibaba stock

SOURCES – Investor Place, Alibaba, TechCrunch, Ecommerce insights, eMarketer

https://www.nextbigfuture.com/2017/...les-5-times-us-black-friday-cyber-monday.html

 

[cirr]

E-commerce boom highlights robust China consumption

2017-11-13 09:01 Xinhua Editor: Gu Liping

A screen shows the value of goods transacted at Alibaba Group's 11.11 Singles' Day global shopping festival, in Shanghai, east China, Nov. 12, 2017. Alibaba Group Holding Limited announced on Sunday that 168.2 billion RMB yuan (25.3 billion U.S. dollars) of gross merchandise volume was settled through Alipay on Nov. 11, 2017, 39 percent more than in 2016. (Xinhua/Huang Zongzhi)

The record sales at major Chinese e-commerce sites Saturday offer an insight into the robust domestic demand in the world's second-largest economy.

November 11 has become an online shopping spree since 2009 when Alibaba's Tmall made its first online sales promotion. And now it is on par with "Black Friday," when most U.S. retailers online or offline offer promotions.

November 11 is known in China as Singles' Day because the date, 11-11, resembles four "bare sticks," a term used in China to refer to single people.

The world's biggest online shopping spree is a barometer of consumer behavior. It has attracted shoppers from around the world looking for bargains and multinational corporations seeking sales.

Trade at Alibaba, China's largest e-commerce platform, reached 168.3 billion yuan (25.4 billion U.S. dollars) on Saturday's shopping promotion.

Alipay, Alibaba's mobile payment platform, handled 1.48 billion payments from around the world, 41 percent more than last year.

A total of 812 million orders were generated in the 24 hours, up 23 percent.

More than 140,000 overseas brands participated, with 206 countries and regions involved in. Customers came from 225 countries.

JD.com, who started promotions at the beginning of this month, reported 127.1 billion yuan of orders. Kaola.com posted a 300 percent annual growth in sales on Saturday.

"From 52 million yuan in 2009 to 168.3 billion yuan this year, we have witnessed a rapidly growing domestic demand in the nine years," said Zhang Yong, CEO of Alibaba.

Zhang said the shopping spree on November 11 is just an epitome of the potential of China's consumption power.

China's strong domestic demand has brought opportunities for global sellers.

Nick Mann, sales director of the Australian health products brand Swisse, said Swisse sales doubled in each of the past four years.

With rising living standards, more Chinese consumers are buying quality non-daily necessities and the consumption habit is also driving the Chinese manufacturers to upgrade their products, said Zhang.

"The November 11 shopping spree is a commercial miracle even for the world," said Chen Qin, a programmer at Alibaba.

Many e-commerce sites have used AI and big data to predict consumers' shopping habits, prepare inventories of goods and help cope with the surge in orders. This could help reduce logistics costs and deliver goods to consumers earlier than usual, Chen said.

http://www.ecns.cn/business/2017/11-13/280637.shtml