Thursday, November 29, 2012

E-Commerce Chinese-style


$3.06 Billion In 24 Hours!

Yes, that is Billion with a 'B'!. It is reported that Alibaba shocked the web with news it's subsidiaries Taobao (like a Chinese Bay) and T-mall (like Amazon) sold a massive $3.06 billion in product in a single 24 hour period.

Apparently the two sites have a combined user base of over half a billion registered users and are looking forward to the day when a $10 billion day is within the realm of possibility.

Is it any wonder North American company CEO's salivate when they think about getting a share of the Chinese market? Put another way ... what is the BC Provincial budget to run the entire province for the whole year?

allvoices

No comments:

Post a Comment

Your comment will appear after moderation before publishing,

Thank you for your comments.Any comment that could be considered slanderous or includes unacceptable language will be removed.

Thank you for participating and making your opinions known.