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Chinese ECommerce GIant Alibaba Does $3 Billion in Sales in 24 Hours

     
10:37 pm on Nov 23, 2012 (gmt 0)

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[venturebeat.com...]
Last week Chinese e-commerce giant Alibaba shocked the web with news that its subsidiaries Taobao (like a Chinese eBay) and T-mall (like Amazon) sold a massive $3.06 billion in product in a single 24-hour period.


Wow. Just wow.

Just the infrastructure to handle that sheer volume of transactions is quite impressive.
1:24 am on Nov 24, 2012 (gmt 0)

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>Wow. Just wow.

For sure, seems like a step-up from anything else before.

The article states 0.7 billion user accounts, so that'd be about $4-$5 per person which seems entirely reasonable in itself.

It's immense for a company of any description to be handling that kind of cash on any single day.
12:18 pm on Nov 24, 2012 (gmt 0)

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And its run from someones garage.... No really
8:01 am on Nov 27, 2012 (gmt 0)

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Its really unbelievable. But with an increase in the number of ecommerce users, I guess it is possible. Maybe they were preparing themselves for something like this so the infrastructure has to be really good to handle something so huge.
8:07 pm on Nov 30, 2012 (gmt 0)

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Taobao is ubiquitous in China with online shopping, even more than Amazon is here in North America. My girlfriend even frequently buys from there and gets shipped back to Canada.
 

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