Alibaba’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

Alibaba’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.