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Am I missing something or are Alibaba seriously making more than half their annual sales in one single day?
by mcintyre1994 7y ago
Am I missing something or are Alibaba seriously making more than half their annual sales in one single day?
- mattnewton 7y agoIt looks like the one-day number is gross (ie, no costs subtracted), the other is net profit.
- ABeeSea 7y agoAlibaba’s revenue is (primarily) only the fees and commission they charge their sellers. They did $30B of gross sales on that day but probably only collected $1-3B in reportable revenue. Amazon does the same thing for it’s third-party sellers; only the fees and commission make it to Amazon’s top line revenue number for seller sales.
- semperdark 7y agoThey allow you to order in advance for discounts, and book all the sales on one day as a PR exercise.