China’s Alibaba, JD report booming Singles Day sales

  • “Chinese e-commerce giants Alibaba and JD.com reported nearly $60 billion in sales Monday part way through Singles Day
  • Alibaba said sales by merchants on its platforms totaled 221.6 billion yuan ($31.7 billion) by 6 p.m., passing last year’s total of $30.8 billion.
  • Online sales of goods rose 16.8% over a year earlier in the first nine months of 2019 to 5.8 trillion yuan ($825 billion)
  • E-commerce made up 19.5% of Chinese consumer spending, compared with about 11% of spending for American consumers.”

https://www.google.com/amp/www.chicagotribune.com/business/sns-bc-as–china-singles-day-20191111-story.html%3foutputType=amp

It’s Time for Alibaba to Slay the Monster Jack Ma Created

  • “The Nov. 11 annual event, which has been going for a decade, started as a marketing gimmick for an upstart e-commerce company looking to draw a crowd. And it did. 
  • GMV (gross merchandise value) grew more than 4,000 times between 2009 and 2018, hitting $30.8 billion last year
  • Alibaba doesn’t want to be just an e-commerce company anymore. Zhang, who has risen through the ranks and took over as chairman from Ma two months ago, is hoping to lean more heavily on new businesses such as cloud computing, digital media and entertainment, offline retail, and local services such as deliveries.”

https://www.google.com/amp/s/www.bloomberg.com/amp/opinion/articles/2019-11-10/alibaba-should-scrap-singles-day-to-move-beyond-jack-ma

Photographer: STR/AFP/Getty Images


Daniel Zhang

CEO of Alibaba Group

http://linkedin.com/in/daniel-zhang-498211120


Will Alibaba break its own record this 11.11 global shopping fest? And where is Jack Ma?

  • Billed as the world’s largest 24-hour online shopping event in terms of GMV, the 11.11 event has over 200,000 brands participating with more than a million new products on offer. Over 500 million users are expected to participate in this year’s festival – about 100 million more than last year.
  • Black Friday weekend had reportedly generated a total of $14.05 billion in online sales for 4,500 US online retailers over four days.
  • During India’s Diwali online shopping festival, sales split the e-tailer market share between Amazon India and Flipkart. Their combined market share was 90 percent in terms of merchandise volume, with Flipkart leading at 60-62 percent and Amazon India coming in at 28-30 percent.

https://www.google.com/amp/s/yourstory.com/2019/11/alibaba-11-11-2019-singles-day-ecommerce-sales/amp

All Retail eCommerce vs Amazon, Walmart and Alibaba

  • Winning retailers pick their battles:
  • “Amazon spend over $20bn annually on technology. Walmart spend over $5bn in capex on ecommerce and technology. It is just not possible for many to play this game.

    Being at the frontier of speed is not always necessary:

    40% of ecommerce delivery in the UK, which is one of the world’s more developed ecommerce markets, remains slower than next day.

    Go beyond borders to build your tribe:

    eShopWorld’s US President, Cynthia Hollen, added: ‘Excellence in cross-border ecommerce is an essential part of being a high velocity retailer today. Leading retailers know that building their brand and expanding their customer base around the world is the best way to achieve significant and lasting growth in today’s competitive landscape.'”

    https://martechseries.com/predictive-ai/ai-platforms-machine-learning/three-quarters-retailers-believe-model-needs-change-remain-relevant/


    Walmart Rolls Out Futuristic AI-Powered Concept Store, Hoping to Best Amazon Go

    • Thus, the bank of servers that crank out 1.6 terabytes of data per second are not hidden away in some backroom but visible to shoppers, behind a Plexiglas wall.

    https://www.inc.com/minda-zetlin/walmart-irl-futuristic-ai-driven-concept-store-amazon-go.html


    • “Amazon has leveraged its artificial intelligence expertise to be named the most valuable retail brand, according to the BrandZ Top 75 Most Valuable Global Retail Brands Ranking.
    • Companies also ranked in the Top 5 of the report include Alibaba and JD. On the heels of the study, Brandz recently ranked Alibaba as the most valuable brand in China in its report on Chinese brands.”

    https://www.licenseglobal.com/retail-trends/ai-proving-crucial-retail-brand-success


    China’s AI-Led New Retail Environment – Everything You Should Know

    • Jack” Ma, Founder of Alibaba, defined a new concept in retail.
    • The next step is the integration of machine learning, AI, and other advanced tools into this new retail realm.
    • F5 Future Stores are another set of AI-powered smart stores. There are many other players like JD Daojia, FxBox, Take Go, etc. using the latest technologies to change the way retail works.
    • These stores make use of Big Data, retail analytics, artificial intelligence, machine learning, face recognition, barcodes, RFIDs, and mobile payment technologies.”

    https://www.marktechpost.com/2019/05/14/chinas-ai-led-new-retail-environment-everything-you-should-know/