Musings 'n scribblings of a philanthrope ..

A train of thoughts and writings on development, technology and the economy focusing on the socio-techno-economic-cultural surge of developing economies to regain and partake in leadership of the world. Written by George Easaw, member of the faculty of Business Administration of Allliance University, Bangalore, India. (This is purely an academic site, no commercial use is allowed. Photography rights lie with the respective organisations). Mention credits as needed.

Saturday, November 12, 2016

Alibaba Singles Day 2016 ..

Alibaba in China sells INR 12,036,000,00,000 - 1,20,360 crores ( ie. $17.7 billion or $17,700,000,000) worth Gross Merchandise Value (GMV) yesterday, 11 November, in a single day on Single's Day in China and set the world record ..

Alibaba logistics on Nov 11, Singles day .. (2014 pic..)

Deliveries were done across China in less than 2 hours of order placement, 86% of which were mobile based ..

A supply chain nightmare nobody has ever attempted in the history of the world !

https://www.techinasia.com/alibaba-smashes-records-sells-billion-on-singles-day

This is 4.4 times (4.4x) what Flipkart sells in a year in India ..

Looking at it positively, it is also indicative of the tremendous future potential for e-commerce in our country .. 👍

George

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