In the real world news today Thurs, November 29 2018

RollingAcres

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....... That man seriously just spent three minutes talking about milking a nut... And didn't crack a smile or laugh once....I seriously just spent three minutes watching a man talk about milking a nut..... I'm, going back to sleep. I must be real tired.
 

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In the real world news today, an online business from one of our more illustrious trading "partners" smashed their own record of single day sales.
Alibaba, an online 'far east' company 'similar' to Amazon, had made $25,300,000,000 in sales and there were still several hours of the day left. In the first 85 seconds of the day, they made $1,000,000,000 in sales. $25.3 billion in less than 24 hrs and $1 billion in 1 min & 25 seconds. Just over 1 hour into the day, they had sold $10 billion worth of goods. And, they don't actually sell any physical product...Alibaba is just a pimp, for other companies. A facillitator of sorts, but they are raking in a ton of $$$

Is this an everyday occurrence for this company?
No.

It is the anti Valentines day in that country, called Singles Day or Double 11 day for the date it falls on. 11-11
On November 11, that country's singles celebrate being single and proud, especially by treating themselves with presents. Singles day tho, is catching on in other parts of the world including our own country and Europe.

Was all of it because of single's day? No, a portion of it was part of everyday sales.
How much of that was sold to US buyers? We won't know for about a week, when Alibaba releases the general sales data. How big of a chunk did that take out of US online sales? We won't know that either but it will be a significant amount.
https://finance.yahoo.com/news/alibaba-smashes-25-3-billion-093900389.html

(BTW, Singles Day, was created by...........drum roll please.......Alibaba. Sorta.
Originally called “Bachelors Day,” the holiday was invented in the 1990s as a sort of response to Valentine’s Day. Alibaba took the reins in 2009, changed the name, encouraging retailers to offer steep discounts in what would eventually morph into a weeks-long shopping event that peaks on Nov. 11.
http://blogs.marketwatch.com/thetell/2013/11/10/china-enjoys-its-own-hallmark-holiday-on-steroids/
In 2014, Alibaba and it's offspring Tmall did business in 220 countries worldwide. (Tmall allows other nation's businesses to do direct business-to-consumer sales within China and vice versa.)
Alibaba also facilitates supplying much of the non-China world's import needs/wants to those nation's businesses.

I suspect this is not one of Jeff Bezos' favorite days.
Happy Singles Day!
 
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