China's Alibaba To Outsell Amazon, eBay Combined
hackingbear writes "China's largest e-commerce firm, Alibaba Group, expects to sell merchandise this year worth more than that sold by Amazon Inc and eBay combined. The company is aiming for 3 trillion yuan ($473 billion) in annual transaction value from its Taobao e-commerce units in the next 5 to 7 years, rising from the 1 trillion yuan of sales expected for 2012. 'From their annual reports we did a rough calculation and we were similar last year but we are growing faster than them this year, so this year we are probably larger than them,' Zeng Ming, Chief Strategy Officer of Alibaba, said of Amazon and eBay."
I have so much desire to order from Alibaba, but I can't quite figure out how to verify that I won't be screwed. It seems almost guaranteed.
In other news, 1.35 billion people (China) is more than 1.13 billion people (Europe and North America combined).
Should we really be surprised by this? China's simply catching up to the levels first world countries are at, and will most likely exceed them since they don't have the petty squabbles that Europe and the US have. That is, unless China's economy crashes.
What's the big deal about this? I doubt they are eating into amazon or Ebay's customers, all they are doing is expanding into the china and Asian markets where they have very little if any serious competition. I guess amazon could be jealous but I imagine expanding into china would be more hassle than it is worth.
Last time I was on Alibaba, I saw listing after listing for tons (literally the measuring unit) of scrap metal and recyclable or post-recycled stuff. So yeah, a $100,000 bucket of scrap aluminum doesn't show up on Amazon a whole lot. This is about as apples to apples as comparing Brian Williams to a crunch wrap supreme taco.
Fun fact, the largest gross sales in the US online are, in order:
1. Amazon
2. Newegg
3. eBay
Its where you buy things in bulk for a business. Doesnt make sense comparing it to consumer retail sites at all. And how surprising should this be? China as a huge supplier - hardly news.
who said anything about racism? it's about walking the walk.
please to do this quick google for us.
It is about Taobao, which is owned by the Alibaba Group.
In simplified English for those who can't RTFA
Taobao $ > eBay $ + Amazon $
Taobao's targets the same consumers as Amazon and eBay, except they do it in China.
When Taobao comes to the US, it will be interesting.
Alibaba is an industrial supplier. It's like saying Tyson sells more chicken than Kentucky Fried Chicken. Why is this a story?
I've ordered a LOT of stuff from Amazon, and never got screwed. eBay, I never got the product once (was from Asia, but was lied to about it being in New Jersey). That was $75 down the drain, and eBay and PayPal didn't to crap to recover it.
I've also ordered once from Alibaba (actually, I think I used Aliexpress, the "consumer" version), and things turned out well. I've moved on to other tablets since, but my mom likes the old one I got direct from shenzen...
Otherwise, I recently had to buy a new logic board for my HP Touchpad and ended up finding they were only available from Taobao...I used some proxy shipping service called Taobao Ring... The shipping proved to be a little high because I got the fastest option, but $20 for the item and fee plus $20 EMS shipping got it straight out to me.
Basically, I'm saying eBay has more scammers than anywhere else. Alibaba tends to be more industrial, so those folks don't want to lose their respect...Taobao, I think (don't understand Mandarin) is the Chinese equivalent of eBay.
On top of these antics, I've even ordered stuff via proxy from North Korea...
No, unlike Japan, they have learned the lesson that you can make anything a little worse and a little cheaper -- and sell a lot more to the typical American or Chinese consumer. They do make some high quality stuff, but most of it is the save-now-swear-later crap that consumers want.
Or Aliexpress to be exact... and pretty much clicked the first thing that made me say WTF. Okay that's a lie, it was one of the three things on the first screen that made me go WTF. Here you go:
http://www.aliexpress.com/item/Emperorship-necomimi-cat-ears-cat/622965849.html
To quote the link that brought me to that page: "Don't bother with traditional methods of finding a partner. Pop a pair of Brain Wave Cat Ears on the head of the one you love, and if they twitch... they like you!"
I'm pretty sure they'd twitch all right... and I'm not talking about the ears. Twitch and run away.
While not as well known “the West” has a similar version called Ariba. It’s a business to business network reported to have over $300Bln trading over it. CNBC called it the facebook for business and there is plenty online for those that want to know. The Alibaba competitor looks to be called Ariba Discovery. Ariba recently caught my eye as SAP decided to pay $4.7Bln for them and checking the various press releases is using them to go big into “cloud”.
When I hear the name AliBaba my first thought is "40 Thieves"
Not exactly inspiring confidence in the business.
I guess it means something else in Chinese.
Amazon.com doesn't ship 99.999% of the items (and amazon.de and amazon.co.uk don't ship 70% of the items) to Finland, a bona fide EU member. I imagine Amazon gives even less of a shit about some Asian country.
(the undercurrent message of my post is: fuck Amazon, basically)
"The agriculture ministry is not in charge of Gundam" - Japanese ministry official.
I had a vendor give me an invalid tracking number and didn't ship the product I bought, but the nice thing is that AliExpress ESCROWS the payment. That means the seller doesn't get paid until I get the product.
I quickly got a refund (faster than a current eBay case I'm dealing with), and ordered a slightly different product from a different (and more reputable) vendor... I got that product without any issues (2 years ago, 10" Android Tablet with GPS, still use it today).
I wouldn't have a problem at all using AliExpress. My only advice is to select vendors with plenty of feedback to avoid hassles.
Yeah, like, for every honest guy you get 40 thieves!
-- B.
This sig does in fact not have the property it claims not to have.
Since the China apologists are out in force to protect their country:
What you call a "want" isn't strictly desire - it is something that exists only due to the lack of a proper alternative. China(and other quality-killing Third World countries) crowds out quality at reasonable prices and leaves substandard products at "You get what you pay for" prices.
My point still stands that they make junk and treat their workers accordingly. The short term is rewarded at the cost of the long-term.
Twitter supports and protects racists - by smearing their critics with the "Hate Speech" label.
Using the Chinese seller(or a China-friendly seller) to avoid junk is a counter-productive task. It is similar to rolling a die that is weighted against any number you want. With the US seller, protections are based on US jurisdiction and skew towards well-priced quality.
Twitter supports and protects racists - by smearing their critics with the "Hate Speech" label.
They're only related in that they both sell junk.
Twitter supports and protects racists - by smearing their critics with the "Hate Speech" label.
Surprisingly, the US sells a lot of high-quality raw materials and component parts to Chinese companies that build things for clients with zero tolerance for failure (like China's space program). If you want to buy a bolt with laser-etched serial number that can be traced and audited all the way back to the raw ore at the mine, you basically have one choice: buy American. European and Japanese companies have the same ability to manufacture it, but they lack the abundant natural resources of the US that enables American companies to do it for a fraction of the cost. It's a very niche market, but it's one where the US is likely to be dominant for a long time.
Absolute quality is a funny thing. It's surprisingly hard to get at *any* price, and a large part of its value comes from being able to trust that the supplier has controls in place to guarantee that quality. The only way a company in China can achieve that level of quality today is by eliminating other Chinese vendors from its supply chain so that its only variable is the quality of its own workers and factory (which, individually, can be every bit as good as the US, Europe, and Japan).
Has to be the hottest item on AliExpress - the Ainol Fire Flame Burning Tablet.
How many people would condemn the PRC for being IP thieves, while at the same time ranting and raving against the MAFIAA for hoarding its own IP?
Are pirates worse because they happen to be chinese?
...they will probably meet this goal is, because they sell knock-off junk where Amazon and eBay for the most part sell authentic goods. For example look at this knock off Samsung Note II http://www.alibaba.com/product-gs/631593035/5inch_android_4_0_mtk6575_wifi.html that they are selling for roughly a third the price as the real thing. If you look at the box it comes in at the bottom of the ad it even says Note II inside a mock Samsung logo.
Once England was the world power. And so was Holland during its golden age. There have been a lot of former world powers who thought it would always remain that way, and then go replaced by a country that was just a bit more hungry and willing to get things done.
MMO Quests are like orgasms:
You may solo them, I prefer them in a group.
alibaba is B2B. aliexpresss is B2C. This is something that is near impossible to happen in the west. IMAGINE. Amazon selling to bookstores. Ford selling to consumers instead of dealers. It truly is a big deal. If shipping costs to my country weren't often higher then the product, it could be the true revolution webshops have failed to create. The total cutout of the middel man. Buy online and save a fortune because you no longer need to pay to anyone but the manufacturer.
In China, they don't order from a reseller, they order from the buyer. And they buy a lot. Scoff all you want, the future is now and it is not in the west.
MMO Quests are like orgasms:
You may solo them, I prefer them in a group.
http://news.alibaba.com/article/detail/help/100454412-1-alipay-escrow-services-agreement.html
Casteism