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Alibaba Breaks For Trading At $92.70, Rises Over $99.50, Hits Same Market Cap As Walmart, Drops
The moment everyone had been waiting for just arrived and moments ago BABA broke for trading at $92.70 after its $68 IPO, and promptly traded over $99.50, which means its market cap is now the same as Walmart, and it gunning for General Electric.
and then this happened...
BABA drops below opening print...
This is how high BABA got:
So... Alibubble, or BubbleCoin?
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That's a lot of new millionaires.
a Chinaman, a Jihadist and a Wall Street Banker walk into a Bar...
BABA song from the 1980's:
https://www.youtube.com/watch?v=LK6wglhklKg
That's Greenspan and Buffet dancing, Bloomberg shagging the chick, and Blankfein with the beer. They were old fogies back then too... before they got transhumaned.
BABA is tumbling now. Trillionaires turn into Billionaires in an instant. Soon to become mere multi millionaires by the end of the hour.
Its part of Jane Fonda's new workout tape, "Pump and Dump". I could go into details, but its a secret. Ill give you a hint though; its geared towards the 65 and up crowd.
Freak show
I am pretty confident that BABA maybe the last big IPO in a long long time....this will be Wall Street's last fleecing of the retail sheeps and why not blame a Chinese company for screwing over all the people who bought this worthless shit...Look at Jack Ma, even if you didnt know the guy, you would mock him and call him the Asian Schmegal. Anyhow, there will be animosity amongst all the future bagholding investors against Chinese companies after BABA crashes to the low 30s within a few months of this IPO. Another way to turn the sheeple against China.
Don't worry, the central bank is in complete control.
I really do think that the $.68 valuation is fair.
Ny Fed, NYSE on line one
Alibaba is going to take WalMart's place in retail and a chunk of Amazon as well, so it's valuation should be this high. If the stock drops, it just becomes that mcuh more of a screaming buy.
I scream... U scream... we all scream BAHHH BAHHH....
Mockery doesn't make him incorrect, but it does make you an ass.
Even the esteemed ZH crowd suffers from shortness of vision from time to time. I agree with you though. Ali is the future of markets right now.
For that to happen you need a means of recourse when you get ripped off.
pods
That is not an exclusive trait of markets. Also, Alibaba does business EVERYWHERE, and they supply just about everything in China, which a far larger market than Wal-Mart has ever had.
Face it, the US lost, and some of you need to get over it. The US systematically murdered itself by promoting NFL athletes instead of intelligence and rational thought. The American obsession with themselves brought about their eventual collapse.
What's so great about it? tell us. It's a matchmaker who doesn't even charge money for the match.
I am not about winning and losing. I am talking about customer experience/retention.
I was in the market for several new surf reels for a family trip. I went to Alibaba and did a search. Figured since the reels are made in China anyways, I would look. Sure enough, they were there. Production overruns maybe? Turns out, pretty much any branded product there is a ripoff, either counterfeit, or they just use the ad to snag people. It MIGHT be of suitable quality, but again, it MIGHT not. What means of recourse will I have with Alibaba?
If I want cheap custom fabrication or large scale B2B purchase, sure. If I am looking for a competing replacement to Amazon of a name branded product, forget it. Amazon at least will offer me no hassle returns and offers excellent crowdsourced reviews, as well as two day lead time.
The US murdered itself by jumping on board world trade and taking advantage of labor arbitrage.
People have genuine concerns with Alibaba, and to merely state that it is jealousy is deceptive at best Nid.
pods
Alibaba is nothing whatever like Amazon. I'm sure it's great if you want to buy cheap Chinese shit by the container-load, but if you are just trying buy regular items by the piece, it's totally useless. If you want goods from the East, with a reasonable expectation that you will receive what you were looking for, and that the quality will be there, try Rakuten.
I can't imagine giving them my credit card number.
LOL, I nominate this post for non-sequiter du jour.
As always, I blame central banking for ALL collapse as there's nothing it cannot undermine. Every thing else is an inevitable side-effect.
Ever try and buy anything using Alibaba? It's a total fucking joke. Whoever came up with it and got an IPO on it is laughing all the way to the fucking bank.
BTW, I have successfully used Rakuten despite knowing not a single word of Japanese. Alibaba sucks noodles.
Yes... I buy off of taobao all the time, multiple times per week. And alibaba, it's great when you find a niche to exploit and need shit in bulk. Nothing really all that complicated here.
Taobao I've never used. I have used Rakuten for manufacturer-direct Japanese knives and waterstones, and have always been happy with the experience.
Now thats where I draw the line! I like noodles!
Ahah you are all old conservative fucking retarded...
Alibaba and Aliexpress have been here for a decade now and I have been buying electrical parts (for my PhD and my hobby) for almost as long.
Alibaba allows anybody to buy almost anythig at the lowest cost (no import/export guy) in realtivealy low to gigantic quantity.
Most of the stuff you buy are made in China anyway, so you can simply decide (if you have the brain and the gutts) to to bypass the chain and buy at the source.
Don't be afraid to list a reason or two why you think so....
Most of ZH are USA trumpeters that hate Obie in the house, but are the reason he ended up there in the first place with misguided values and delusions of grandeur.
I honestly do not need any other reasons than the population of the US did this to themselves. Any hatred towards Alibaba is misguided jealousy.
I'm not jealous, Nid, I just spent $125 at Walmart this morning. I occasionaly buy stuff from Amazon when it isn't available locally. Alibaba? never tried it, don't expect to. Probably works in China but why should I care?
No prob.
1. price. They deal with the same factories as WalMart. Who'll get the better deal? No middleman mark up. Go price something right now.
2. No bricks = lower costs. ZH is all over mechanized burger flippers. Same thing here.
3. There are two heads to this. Alibaba which is wholesale and Alibaba express which is retail.
4.No sales taxes. Let's see congress mandate this one.
5. Customized goods.
6. No surf reels.
Quality? It's all coming out of the same factories, chum.
how does BABA make money? Advertising? We better make sure those advertisers have plenty of money to spread around.
Edit: we know how BABA makes money...central bank! How does Alibaba make money? it's not getting a markup.
Has Amazon made any money, yet?
I'm just pissed off at this fuckin google business model that is taking over.
It's the FED business model. Wait until it comes to maturity. Company store.
"Alibaba is going to take WalMart's place in retail"
Haha... ugh... no... keep dreaming...
Have you seen the average Walmart shopper? They're animals. They don't have the mental capacity to shop for something 2-3 days ahead of time (with Amazon). Do you really think they can handle 2 weeks from China?
poetic irony...the sheep say baaabaaa! (contributed to a fellow ZH'r)
Logic for Alibaba's future rise is simple.
Every company on the planet cannot be compared to US corporations. US Corporations were innovative (like Motorola or Yahoo or Hotmail or Mastercard, Visa), used to be big (like Lehman or Merrill Or Bear Stearns or Enron), had a global dominance (like IBM, McKinsey or Kodak) etc. But that concept does not exist anymore.
Around the globe, from Asia to Latin America to India, Russia, Middle East and most importantly China, regionally strong players have emerged. There are dozens of players inside those countries who are globally dominant in their sectors.
China is the only exception where they used to have regionally or domestically giant players who are now ascending to the global stage. It is a very long list of Haier, Baidu, Huawei, Lenovo, Alibaba, ICBC, ABC, CCB, Sinopec, CNOOC......
Another major difference with China is two pronged. They have 1 billion more consumers than there are in USA. USA has around 330m population, bulk of them getting poorer by the day, while China has 1.35bn and bulk of them getting richer every passing year.
Second difference is that until now, all companies were state owned and now they are gradually being privatised in China and shares being listed whether in Shanghai, HK or NY. This allows foreigners to participate in the growth of China because foreigners are otherwise not allowed to find work in China easily, nor buy real estate nor open a bank account, nor transfer funds in or out or invest in stocks etc. However, all this is now slowly changing every month. There seems to be a fast pace 2013 onwards, possibly due to the oncoming collpase of the dollar and/or US hegemony.
China's free zone is a start since last year to allow foreigners to own companies and do business in China without a Chinese partner.
China's currency is being opened up and allowed to be bought by foreigners to pay Chinese exporters in their own currency to stimulate trade etc.
Gold trading has just started in Yuan for foreigners last night.
Foreigners are just being allowed to enter China and realise profits which until now was purely restricted to Chinese inside China or their Govt.
This is a very long term growth trend. Until the profits and growth story is intact, the risk of weak corporate structures or fraud etc will remain minimal which anyways exists around the world. Just look for Madoff or Lehman or Enron and google it. (while you are searching just search for Jon Corzine and MF Global too...;)
Corporate structure weakness is a weak defence for not investing. Fraud is done with intent to cheat not worrying about the 'strength' corporate structures. I am sure Enron and Madoff had 'strong' corporate structures.
Another major factor is that China is the only country in the world where money is sloshing around at a very high velocity. This enables growth to be faster, easier and profitable. Imagine, now more money, from foreigners, is waiting to enter China and what will that do to the high velocity of money. It will simply create more growth!
If, instead of feeling jealous, we try to partcipate in this growth and not compare to US corporations because the sheer size of Chinese companies just within China is 4.5 times bigger in population/consumer size, they have barely started venturing out of China, so just like American corporations created a hegemony in the past, they have just started entering Europe, Russia, Latin America and will dominate the whole planet.
US at its best of times about 20-25 years ago could not become such a giant what China will become in the next decade purely because they do not interfere in the politics of any nation but more importantly the GDP size of the world is much much larger in 2014 or will be 2025 than it was in 1990 or 2000 when US was at its peak.
By the way, the last similar company to list in US was Baidu, in 2009 which has grown 6.5 times from USD 37 to USD 227 today......maybe someone can find me a American company that has grown 6.5 times since Sept 2009.
Even the American darling Apple has grown about 350 odd percent but just Baidu which is not even as big as Alibaba has grown more than Apple. Check it here: http://finance.yahoo.com/echarts?s=BIDU+Interactive#symbol=BIDU;range=2y
Alibaba is a conglomerate not a tech company and it has just literally been born for foreign investors....just wait for a few more years....Lets give the Chinese also a chance to come up...http://finance.yahoo.com/echarts?s=BIDU+Interactive#symbol=BIDU;range=2y
Alibaba is one giant company and has multiple US companies rolled into one....http://qz.com/268018/alibaba-is-all-of-these-companies-rolled-into-one/
With so many companies rolled into one, plus 4.5 times more population of China alone and remainder of the world yet to be captured, what is there not to like about the friendly BABA? :)
I opened an account at the BoC in 2009 in Shenzhen. I'm not sure your facts are all correct.
His info is a little old, but his analysis is pretty accurate. Ali is HUGE.
Huge does not equate dividends, and without dividends, you are just another peep at the craps table (unless you are being granted stock options).
Can you pray tell me what info is old?
Either you are living there in Shenzen or having a business. An offshore account for a person not resident in China cannot be opened in China.
A person sitting in NY or London cannot open a non resident account which is possible in Switzerland, NY or London for a non resident of these 3 places.
I did not state any facts just a lot of trends. Chinese are evolving faster than one can say Jack Robinson.....
Some people just can't understand how large Alibaba actually is.
TOO boookoo!
+1000 Funniest thing I have read in days!
Hey watch it there trulz boy...
We KNOW where you are....
Good, come release me from these Earthly bonds, Im right here! ;)
Didn't they do "Fernando" and "Dancing Queen"?
Better hurry and file for that 2ndary.
I see you have learned to fly, Mr. Pig.
Or a lotta new bag holders.
that's some crazy stuff ... it does feel like 1999 all over again.
Listen. You gotta luv it. What a "BEAUTIFUL" euphoric trading day. Pass the "COKE" bitchez!
Ssssnnnnnooooort! Ahhhhh!!
Peak insanity
Madness while music is still playing.
hahaha !
anything to make a quick buck !
Ali Baba, welcome to the cave of forty thieves of WS !
PS / Seeing this pecking order I have a question for Reggie Middleton who seems to have disappeared from ZH posters.
To RM : Apple, your bete noire, seems to be in good form, Reggie.
Admittedly Google, you star corporate, is not far behind but Apple has not died on the market since Steve disappeared. Any comment on that???
Listen. Jesus cristo bro. Don't "WAKE" the dead! Please!
you mean he is no longer kosher here at the hedge?
Listen man. The "FIRST" exorcism was hard enough. Let's not have another.
ROFL!
The POWER of Christ COMPELS you!
The POWER of Christ COMPELS you!
The POWER of Christ COMPELS you!
So you think that watch thingy will change the world? It was a bigger unveiling than the ipad? I don't think it will be as filling but what do I know...
"Watch? What watch?"
(sinking feeling that something passed me by.)
Reggie is panhandling under the 59 st. bridge... no internet access
It's the 69TH street bridge. As in
The Duke of NY: "They sent in their best man. And when we roll to freedom tomorrow, across the 69th street bridge, their best man will be leading the way. FROM THE NECK UP!"
What a bubble, this market cap and all they have is few offices and a lousy website, better than drilling oil these days, LOL.
Listen. What a timeless comment but it's not what you have but who you know and "THESE" boys know "THOSE" boys.
Quite well by the looks of it.
I concur with you. If we look just how msm, expecially bloomberg played the same broken record, how BIG they are and other WOWs and such, Mike will get his share
"...better than drilling oil these days, LOL."
Interesting observation you made. Check out the performance of these companies who engage in offshore drilling. Transocean (RIG), Diamond Offshore (DO) and Noble Energy (NE) are charted over the past 5 years. Not a pretty sight:
http://finance.yahoo.com/q/bc?t=5y&s=RIG&l=on&z=l&q=l&c=do%2Cne&ql=1
I have my eyes on that cute little executive secretary; she's my ticket to the easy life. Now when is she fully vested? Hmmm...
My Brother-in - Law called me yesterday and wanted to know if he should Buy Alibaba on the Open. He was disappointed with my attitude.
the rhyme of history has me remembering a certain ISP and Telecommunication giant merging right before the fall...
Sell the Baba... Baba bag holders wanted at $100
Listen Hosel, that what yous "GUYS" said about the TWTR. So far I'm up on that and I've never twittered a "TWIT" in my life.
So they open at 94, trade up to 99.50 on 100 million shares ($10 billion), now below 92 means ALL the after market is under water and still needs to pay for the trade.
Alibaba Those Ponzi Units
http://winteractionables.com/?p=14736
Its just unfair that average joe couldnt have gotten in at 68 Dollars a share.
It's not meant to be fair, it's meant to help the average joe relieve himself of excess cash.
Deep down i know your right.... Its just how does anyone get ahead anymore...?
$2.00 hookers in The D.
You dont. Best you can do is ride small time stocks. Buy Buffet, sell before Buffet. OR....dont play the game and buy hard assets like silver, guns, black powder, lead, smelting equipment, land. Then build real weath of education, learn how to garden, learn how to manage a worm bin, learn how to can your own food. Build personal wealth. Buy expensive books and collect those as well. They dont even need to be expensive and they can contain a tremendous amount of weath. Its up to you, I dont game the market at all, I watch for someone in my family and help him with investments, he does okay I think. He still asks me to research stuff for him from time to time. But thats it.
DO NOT PLAY. Save cash, buy hard assets, avoid consumer debt.
or....load up on all the debt you can service and buy hard assets....just be sure you can service that debt which is becoming increasingly difficult.
If you knew the timing of this collapse you'd be 'golden' but it is unraveling in strange and new ways. Comparisons to all prior hyper inflationary events is not holding. The ability of one central font of liquidity and the maneuvers of the Fed in the deep derivatives is novel and impossible to see for we average folk. I suspect even insiders are a bit nervous as the final outcome is probably not known even to those who control things.
The USA has the dollar managed quite well. The problem is that the outcome depends on those who must use it and it is no longer in the hands of the printer.
So maybe you are correct after all...but being debt free has been a bad call in all other hyper inflationary events.
I'd agree with buying pms using cheap debt, with the caveat that the linkage not be traceable (eg pms with cash), and your point that the debt be servicable. Ideally you'd lock in a low rate for a fixed term (eg .5% until next April or whatever) so no rate shock exposure in the unlikely event that everything falls apart very suddenly.
I think whether this is an inflationary or deflationary environment is still up in the air, but if you can game the system by getting cheap fixed rate debt and using it for hard asset purchases rather than consumer junk then that's about the only way to 'beat the system'.
BABA tells the wide world that "market cap" and valuation means nothing on the HFT dominated wall street.
Has anyone seen my fleece?
Said every boob who bought above $99 and is now sitting on at least a 7% loss in less than an hour.
Anyone foolish enough to invest in a company Jack Ma is involved with hasn't been paying attention.
hey how all ya'll liking your marvelous, most liquid, most free and fair Stawk Markets today???
isnt it great to be an American???
everybody wanna be just like us cause we the shiznit...
Ali Baba for every debt slave man, woman, and child...
GOD BLESS AMERICA!!!!!!!!!!!!!
fuck off...and DEATH TO THE MONEYCHANGERS....
Meanwhile, the peace-loving French are bombing the fuck out of Iraq to protect American Freedom and Liberty and the American Dream of BABA at $100 a share.
http://news.yahoo.com/france-says-jets-launch-first-air-strikes-iraq-093...
AAAAAAUUUUGH!!!
yeah...crazy aint it...
the french r a bunch a bitches masquerading as wanna be tough guys...
lap poodles mother fuckers..
Socialist thug Hollande insists, "No Franchute boots on the ground. Air attacks are sufficient, are not really an act of war, and they make a statement of our resolve." Or something like that.
Listen "Frenchie, we'll give you a pass on selling those Destroyers to Russia if, and only if, you "BOMB" some muzzies for us."
Roadshow sales pitch summary: "It's China AND the internet."
I'm looking at the 1 millisecond chart and think this is about to break out.
Bitcoin at Coinbase: $404.83 USD/BTC
Coinbase: $404.83 USD/BTC
Baba just proved the world has no use for sound money
Listen. You're "NOT" going to kill my buzz tonight bro. Impossible.
Surfin in the China Sea
Does this mean they'll be buying back that silver?
all in at 91.05.... weeeee
please let it go up, please Loyd, im in for 99.7, and I bet my farm and house, let me exit for 99.71
80 handle, Whole BABA after market cadre underwater. Still need to settle trades. ECB now has a Spanish bond rout on it's hands. No POMO until Wednesday, tiny one today.
that's what lloyd bankfiend says to his boyfriend every night
It is obvious from the volume that these are buy and hold" investor!
/sarc/
Just look at that guy..Jack Ma...would you trust him with your money???? not me...the orginization chart of this offering is a joke....what did you just buy???
See the picture of him on MarketWatch laughing all the way to the bank baby (cunt)...
Ma, Ma, Mania
"Yes" But of course!
This will go well!!! Like all the previous one(s) WCOM, Lucent, Tyco, Enron...
Question for anyone out there that is in the know.
What medication is the best one that "money can buy" for enhancing long term memory loss like advanced neuropathy in the later stages of alcoholism and crystal meth use? Want to stay somewhat socially active and high functioning without all those nasty side-effects!
Anybody serving in the United States military or Hollywood must have the answer?!!!
If you can list the med(s) in the order of effectiveness I'm ready to "go all in" on the Alibaba train!
cramer said yahoo going to 50... lol
this is the AOL/Time Warner moment of this latest bubble... full retard
didnt see this coming..
{sarc}
How much Mercury is in this piece of shit Chinese scam?
I swear I remember Ma on American Idol a few years ago.
Someone is defending the 90 level hard..
So the biggest IPO in US history comes from a Communist Nation.
Up is down.
Right is Wrong.
Black is white.
War is Peace.
We have seen it all. And you cannot make it up.
We have seen it all. And you cannot make it up.
See the glory of the Royal Scam!
China is not Communist and the USA is not a Democracy. Please read some books made from dead trees.
lol @ people who buy IPO stocks. If your company has solid earnings, you would keep it private. You take a company public when you want to dump shares for significantly more than what you think they're worth.
This is so true ... I've been trying to buy 99Cent stores forever ... but it's still private
If this the 9th biggest company in the world now, then Twatter should be at least 8 on the list.
Alibaba the new Walmart ... I think I just heard the cab driver say buy, buy, buy ... a very good sign for the Bear
Seems like the Ali Baba trolls are out in force today. Can't imagine why.
If I had an Iphone 6 and some BABA would that make me the trendiest motherfucker on the planet?
Obviously, yes. The cool factor would be off the charts.
BABA will be the largest market cap ...................... well maybe after they make a little money
Who buys this shit? At the open it carters. Will drop for the next six months and staeady climb to over a hundred after that. Most people have never used this Alibaba but claim its great. There are similar services that are better. All of them including this is risky. Facebook worth a truck load selling ads the no one ever clicks on. What the fuck. Who fucking advertises with those fuckers. Before I deleted my account I never clicked on an ad. I have asked everyone I know and no one has ever clicked on one. Advertising on mobile is a joke. People accidentally click on crap ads trying to get them off the screen. Nobody clicks on those either and people are amazed when you tell them they can download and use an ad blocker. This shit is insane. When this shit blows up the same fuckers who deployed and got rich off this shit will be begging for bail-outs.
BABA black sheep...
And they'll get them!!
Baba looks like the biggest cherry ( among many ) on top a of 3 Trillion dollar steaming pile of ponzi poo.... Dig in folks.
I can get a Stihl knock-off chainsaw on alibaba for $50 but I have to buy 100 of them. Wtf am I going to do with 100 chain saws?
Craigslist?
Or.
Super-fortified zombie bunker?
Seriously though, those things are likely disposable. You might get one sizable oak cut into firewood for your efforts.
Launch a chainsaw social media site and then go IPO.
Nothing to buy or sell worth a damn in the rigged equity market.
And until we get true price discovery, there will not be.
Since we know the Central Banks are in the equity markets, I have to wonder how many shares the Federal Reserve soaked up to make this look good.
Trade in BABA already broke below $90 for a brief period.
They should rename it Ali Baaa Baaa now, in honor of all the sheeple who are getting fleeced.
5.9M share volume right at 90.
wait... thats half a billion dollars traded in one minute... lol
US just gave china a giant financial nuclear bomb with the alibaba ipo
Headline on this morning's edition of Seeking Alpha daily email:
Wall Street Breakfast: Alibaba Becomes Largest U.S. IPO In History
Now, if only we can elect a woman President!
What happened at 1:20PM? in a second the priced dropped to 89.95 and then jumped to 93.72 and return to 89.96 with volume at 5.9M
Jack Ma's personal asswipe retired of her BABA dump
Alibaba is a fucking joke of a company.
First, the entire company is based on an idea that's been tried 100's of times back in 1996 - 2000 and failed each time.
90% of the shit up there on the site is the same shit you buy at Amazon and eBay, which sucks and breaks easily, and is mostly a rip-off
Wholesalers in the US already have had access to this crap, Alibaba makes it slightly easier to order but that's it.
What's the recourse on scams? You have trouble getting repaid on eBay scams as it is, but when you get scammed by a factory in China for 10000 USD what then?
The chairman is all like "small business this" and "small business that", blah blah, but small business problems in America have nothing to do with easier access to cheap chinese shit, we re already over-flowing with cheap chinese shit, don't want any more of it, and don't need any more of it, thank you. I mean fucking Walmart, cheap chinese capital of the US, is suffering, no one wants that shit anymore and no one has money to pay for it either.
Now, just to make sure I was not talking out of my ass I did recently review the site and check some stuff. Mostly it's the same shit that's on eBay. I also checked for some non-consumer stuff. I am in the market for some industrial sized greenhouses, so, I checked prices on that. Once you add in shipping American firms are already competitive with the Alibaba prices when compaired to a place like Farm-tech! So why the fuck should I order an industrial Greenhouse direct from China with all the risk it entails?
Who really benfits from this site? I can REALLY SEE housewives getting together with friends to place bulk orders for chinese shit for a few penies less then they were paying for the same shit at Walmart?
I mean this is just a critisim of their overall business model, without even reviewing into the nightmare of their financials!
@Maltese Falcon
Is this because millions of Chinese slave wage workers are going to use Alibaba to have their monthly supply of rice delivered online?
Half the stuff on BABA is not even legitimate. China's way of selling toxic and otherwise inferior products into the world via the internet.
I shopped for a set of lawnchairs. BABA put me in contact with a manufacturer of lawnchairs who did suggest that I buy a thousand chairs to fill the container.
AliBaba taking retail marketshare from Walmart. Why? Do they accept EBT?
What a load of crap this is.
Jack Ma is a con artist. The Chinese have a long tradition in the art of bending perceptions and creating illusions. They're right at home on Wall Street though.
.
Is this because millions of Chinese slave wage workers are going to use Alibaba to have their monthly supply of rice delivered online?
The world's factories and future consumers are in East Asia, mainly China.
Half the stuff on BABA is not even legitimate. China's way of selling toxic and otherwise inferior products into the world via the internet.
This is nonsense.
I shopped for a set of lawnchairs. BABA put me in contact with a manufacturer of lawnchairs who did suggest that I buy a thousand chairs to fill the container.
WalMart has your lawn chairs. You nailed me there.
AliBaba taking retail marketshare from Walmart. Why? Do they accept EBT?
Not everyone who shops at WalMart uses EBT
What a load of crap this is.
I understand silver is on sale. Place your bet.
Jack Ma is a con artist.
Alibaba is a pretty big firm. They must be delivering a lot of satisfaction to someone.
The biggest "firm" in China is the CPC. They run the country via cronies and corruption. Jack Ma and his "team" of 22,000 are 100% guaranteed joined at CPC hips.
Tell you what. I keep stacking my silver and you keep shopping for trinkets etc on BABA, or buy their shares.
I got 4 kids under 20 that need to survive me. That's my legacy and how well they get through life is all that matters.
This society is collapsing and over the course of the next 50 years, it will be a place where the real stuff matters more than the synthetic, toxic or fake crap.
So your time horizon is 50 years. Good enough. I have no idea what the world will look like in 50 years. Best of luck. Since our time horizons are completely diferent we are talking at cross-purposes.
Ok Maltese, about this:
Half the stuff on BABA is not even legitimate. China's way of selling toxic and otherwise inferior products into the world via the internet.
This is nonsense.
have you ever actually bought bulk shit from china? Well I have , many many times.
I have personally bought the knock-off android devices, which break after one drop, bulk LED lighting systems, some arrived broken, some arrived diss-assembled in a box, a shipment of 12v pumps which simply dissappeared, along with the company I ordered from when trying to track the shipment, and this is just experiences in the last few years off of the top of my head.
I know a company that ships stuff in from china. Since they actualy care about their rep, they spends tons of time recouping the goods, having to quality check every thing first and many times haing to clean or re-assemble product. Quality is so bad, the price savings vs recouping cost point is almost a wash.
I have purchased retail merchandise. No complaints. The reviews on the site are uniformly positive.
Alibaba did not grow to it's size by shipping garbage at an unacceptable level.
Alibaba is not just a threat to American retailers and wholesalers. They will actually start consuming them soon.
The "China ships poison" argument is a desperate attempt to postpone the inevitable.
Sell your WMT & AMZN now. It's over.
WMT and AMZN have been killing jobs in this country for a couple decades now.
BABA is another stop on the race to the bottom we are currently in.
China is buying the world but only because they're doing it in a well coordinated and almost stealth effort with the help of our shortsighted and greedy politicians.
Like I said earlier. China is run by the CPC and the CPC cronies either control the economy or they're being bribed by the few who have some form of leverage.
Your population argument is pure nonsense. The vast majority of Chinese are not participating in the wealth their nation's economy has provided to the few who are connected to the government.
China will have to open its doors or the world will start shutting the doors on China.
"Your population argument is pure nonsense. The vast majority of Chinese are not participating in the wealth their nation's economy has provided to the few who are connected to the government."
What percentage of East Asian citizens need to participate for East Asia's market to be bigger than USA or EU. A minority to be sure.
"China will have to open its doors or the world will start shutting the doors on China."
Be sure to ring the bell when this happens. And don't be so sure the world can compete with China.
It's unwise to do this sort of analysis when people here live in China.
Let's just go through a few points:
About 40% are getting no benefit, 50% are becoming middle class, 9% are middle class, and 1% are in the party and worth billions.Thus about 59% are getting some benefits from this, though certainly not as much as the top.
When I use the phrase ''middle class" I refer to Global standards, not that of Norway or a landowner in the USA Midwest.
The interior is experiencing what the coast did 15 years ago, and as such many poor towns no one knows exist are becoming lower middle class as defined by global mean incomes. That means smartphones, compact car, home appliances, and big flat screen TVs and computers. Your basic middle class lifestyle.
More likely they will buy a huge array of merchandise, as is already the case with AliBaba, TaoBao, Tmall, JD and eTao.
Half eat noodles, half eat rice as their main starch. But then you have to add all of the meat and vegetables and soy sauces and sichuan spicey sauces and such, all of which are sold onlne in a vast array of selections. Imagine 20 pages of 500 different types of ketchup. Most food is local, but if you want a special sauce not carried locally, online is your best choice.
I have placed 425 orders for household goods. Of that, 1.18% (5) were bad, bogus, failed, arrived busted, poor CS, stolen in transit, or mis-represented. Everything else was great, worked, still works, legit, and some great bargains if you shop sale dates and have VIP which reduces shipping. The speakers I am listening to, the computer hard drive, the graphics card, the DVD r/w, the printer, the smartphone, the memory, the amps, headphones and DAC and cables I have in front of me this instant all came online and work very well.
To be certain fakes and clones and copies are there, but you need to be savvy to know what is good/legit and what is not.
Baba caters to bulk and B2B, so of course they will want to ship a TEU of lawnchairs, that's how it's done and they save money getting one land sea to fill without hassles and partial cargo. You are not getting it shipped via bus or train within China, so they are going to use a container.
I understand one won't need hundreds but often the seller is a wholesaler only. 3 times guys told me they don't sell to consumers, wholesale large bulk sales only, for various items I needed to fix the apartment up. Eventually I found all I wanted, but the big sellers won't deal with individual sales, just as the lawnchair guy did not. This is basic supply chain management of scale.
Gosh, it's almost as though every american market is rigged.
I'm warming up to buying into this Cayman-Islands-based affiliate of a Chinese junk b2b site.
IF You were so fucking greedy that You didn't sell into that crazy opening POP You deserve every margin call You get.