Alibaba smashes its Single’s Day record once again as sales cross $25 billion

Jon Russell, writing for TechCrunch;

Alibaba has set another Single’s Day record after the e-commerce giant sold over $25 billion of product on the Chinese biggest online shopping date.

The full number comes in at 163.8 billion RMB, that’s roughly $25.3 billion, in GMV — that’s “gross merchandise volume” which is used to measure a dollar value for all sales on a platform. In Alibaba’s case, that predominantly means its Taobao marketplace and Tmall brand store although it does offer sales via its international services and it ships worldwide. All told, Alibaba handled 1.48 Billion transactions during the 24-hour period.

This is all in just one day! These numbers are truly staggering!

Amazon just launched 6 new gadgets and none was over $150

Matt Burns, writing for TechCrunch;

In the year of the $1000 iPhone Amazon just announced a scattering of new gadgets and none cost more than $150. Essentially, Amazon said “screws the margins” and are selling everything as cheap as possible. This race to the bottom is Amazon’s standard operating procedure. The company did it with Kindles e-readers and again with Kindle Fire tablets. The company releases a proof of concept and lets the market respond. If the response is favorable, Amazon releases the Kraken on the market.

This is where Amazon is killing the competition, they can actually sell their devices at a loss, since the company is not in the hardware business like Apple, Samsung, etc., their real business is to sell us things online, be it physical or digital goods.

If you look at all the devices that they announced today, most if not all makes it easy for us to shop online or should I say shop at Amazon.com, with just our voice or press of a button, you’ll be able to place your order, that’s their M.O., that’s how Amazon generate their revenue.

Taobao

Founded by Alibaba Group on May 10, 2003, Taobao Marketplace facilitates consumer-to-consumer (C2C) retail by providing a platform for small businesses and individual entrepreneurs to open online stores that mainly cater to consumers in Chinese-speaking regions (Mainland China, Hong Kong, Macau and Taiwan) and also abroad. At the end of 2010, the number of registered members on Taobao had reached over 370 million, around 80% of the Chinese online shopping market.

Source: Wikipedia

Lazada expands Alibaba’s Taobao marketplace in Southeast Asia

Reuters;

Online retailer Lazada Group said it will sell select items from Alibaba Group Holding Ltd’s Taobao marketplace in three more countries in Southeast Asia, expanding the partnership between the two e-commerce firms.

Taobao Collection will be offered in Indonesia, the Philippines and Thailand in the next few weeks through Lazada’s platform, it said in a statement on Monday. Lazada began selling Taobao products in Singapore and Malaysia earlier this year.

honestbee

Founded by Joel Sng and launched in Singapore in July 2015. honestbee is an online grocery, food and laundry delivery service that was launched in Singapore in July 2015. The service is also available in Singapore, Taipei, Hong Kong, Tokyo, Jakarta, Kuala Lumpur and Manila.

Poundit

Formerly known as YouPoundit, Poundit is an ecommerce site for electronics and accessories that has built partnerhips with about 50 tech brands and authorized distributors including Sony, GoPro, ASUS, JBL, Harman Kardon, and Otterbox.

Tokopedia

Tokopedia, an internet company that allows individuals and business owners in Indonesia to open and manage their own online stores easily and for free. Tokopedia provides a better online selling experience to the sellers, so that the sellers can provide a better online shopping experience to their customers.