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11-06-2016, 01:20 PM
An honorable member of the Coffee Shop Has Just Posted the Following:
On Alibaba’s “Singles’ Day” shopping event (“think of it as Black Friday in America,” Hempton wrote), in November 2014, the company said it received and shipped 278 million orders.
That’s 7.5 times more orders than the 37 million orders Amazon AMZN -1.34% received on Cyber Monday.
It’s also “more parcels in a single day than Amazon had users [244 million] in a whole year.”
Alibaba said its network delivered 8.6 billion packages from its retailers to customers in the year ended March 31, 2015—or about double the 4.6 billion packages UPS UPS -0.43% delivered in 2014.
Alibaba reported about 35,000 total full-time employees as of March 31, 2015. Meanwhile, UPS had more than 12 times as many (435,000) and Amazon had more than four times as many (150,000)—plus robots, Hempton added.
Then Hempton did some math: “To truly deliver at a larger intensity than Amazon, Alibaba and its outsource network would need more staff or capital (or both) than Amazon and UPS combined.”
Alibaba said that Alipay, the online payment processor it divested in 2011, handled 2.85 million transactions per minute at the peak of Singles’ Day.
By comparison, “Visa’s V -1.33% peak transaction volume globally [840,000 transactions per minute, by Hempton’s calculation] is only about 30 percent of Alipay’s peak minute. This suggests a level of shopping in China that puts the US, Europe and most of Asia to shame,” Hempton wrote.
Click here to view the whole thread at www.sammyboy.com (http://www.sammyboy.com/showthread.php?231165-Aussie-Fund-Manager-Why-Alibaba-s-Reporting-is-Fraud&goto=newpost).
On Alibaba’s “Singles’ Day” shopping event (“think of it as Black Friday in America,” Hempton wrote), in November 2014, the company said it received and shipped 278 million orders.
That’s 7.5 times more orders than the 37 million orders Amazon AMZN -1.34% received on Cyber Monday.
It’s also “more parcels in a single day than Amazon had users [244 million] in a whole year.”
Alibaba said its network delivered 8.6 billion packages from its retailers to customers in the year ended March 31, 2015—or about double the 4.6 billion packages UPS UPS -0.43% delivered in 2014.
Alibaba reported about 35,000 total full-time employees as of March 31, 2015. Meanwhile, UPS had more than 12 times as many (435,000) and Amazon had more than four times as many (150,000)—plus robots, Hempton added.
Then Hempton did some math: “To truly deliver at a larger intensity than Amazon, Alibaba and its outsource network would need more staff or capital (or both) than Amazon and UPS combined.”
Alibaba said that Alipay, the online payment processor it divested in 2011, handled 2.85 million transactions per minute at the peak of Singles’ Day.
By comparison, “Visa’s V -1.33% peak transaction volume globally [840,000 transactions per minute, by Hempton’s calculation] is only about 30 percent of Alipay’s peak minute. This suggests a level of shopping in China that puts the US, Europe and most of Asia to shame,” Hempton wrote.
Click here to view the whole thread at www.sammyboy.com (http://www.sammyboy.com/showthread.php?231165-Aussie-Fund-Manager-Why-Alibaba-s-Reporting-is-Fraud&goto=newpost).