Alibaba smashes records on Singles day, the most fraudulent ecommerce countries, Amazon partners USPS, a conversation with Sina Afra and much more
Folks, I am aware that I am a bit late but I wanted to wait until the end of this day to post anything. Why? Simple today is Singles day in China which has become a statement for Alibaba. If you wanted a sign of the power and the ability to disrupt that Alibaba has then 11 November is that sign. I understand that deep discounts impacted this day but to put it into perspective this is 2.5x Cyber Monday and according to Bloomberg:
The Alibaba Group Holding Ltd. said transactions on its websites yesterday topped 35 billion yuan ($5.75 billion), surpassing last year’s single-day sales of 19.1 billion yuan.
- Taobao took just over four minutes to complete RMB 100 million ($16.4 million) in mobile purchass. By 7:35 a.m., mobile sales volume reached RMB 2 billion ($328 million).
- Xiaomi passed the RMB 300 million ($49.2 million) benchmark in sales in about an hours trading on Tmall.
- Total unique visitors on Tmall on 11/11 2013 hit 402 million, up from 213 million on the same day in 2012. The sales on Alibaba’s Tmall involved over 20,000 merchants on its online marketplace.
Amazon then did something that no-one saw coming. It unveiled USPS as its delivery partner for Sunday deliveries. It is not using it’s longstanding logistics partner UPS or FedEx but rather the US Postal Services. Increasingly it looks like Amazon is adding more reasons for users to select Prime as their preferred way to interact with Amazon.
Amazon.com, Inc. (AMZN) is working with the U.S. Postal Service to deliver packages on Sunday, starting in the Los Angeles and New York metropolitan areas. Amazon Prime members, who receive unlimited, free two-day shipping on millions of items, can now receive their packages on Sunday in these areas. Amazon and the U.S. Postal Service plan to roll out this service to a large portion of the U.S. population in 2014 including Dallas, Houston, New Orleans and Phoenix, to name a few.