Alibaba makes $9.3m transaction revenue on 11.11 shopping festival

| November 11th, 2014

November 11 has become the most celebrated unofficial festival in China since 2009 when Alibaba, the owner of China’s biggest online shopping platform Taobao, coined the festival and offered half price on its B2C portal Tmall. Because there are 4 number "1" in the date, it is also called Single’s Day. The marketing tactic has been so successful that it feels like women and men of the whole country have entered a frantic combat mode in order to flash […]Read more…

Amazon VS. Alibaba: The showdown

| August 28th, 2014

From SmartIntern:

With China’s Alibaba on the verge of what will likely be the biggest IPO in history, we decided to compare some of their numbers with American E-commerce giant Amazon. Following are the surprising results (hint: Alibaba is MUCH more impressive than you think)…

Read more…