Friday , June 18 2021

Shopaholics of the day of singles ready to give the Chinese Billionaire Jack Alibaba de Ma. Another $ 30 billion




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Hollywood actress, Scarlett Johansson, with Jack Ma, president of Alibaba Group in a night gala to count down on Singles Day online sales. The shopping leap takes place every year on November 11th. This is his last year to do so as president. O Forbes the billionaire who retires next year. (Photo Barcroft Images / Barcroft Media through Getty Images)Getty

This is the multimillionaire Alibaba Jack Ma is still present; his last 11/11. The Sunday Singles Day in China, the retail Superbowl, completes the equivalent of rest breaks, is expected to break another record tomorrow. Jack Ma will retire from the company he created and the online store that inspired in great style.

"I think it will be another record break," says Brendan Ahern, KraneShares's investment director. He thinks that Singles Day sales will beat the $ 25.3 billion reminder last year and will reach $ 30,000 million. "The hype and hoopla around this event is growing and the company wants Jack to retire in a big way."

The last year's shopaholic spree, first created for singles like Valentine's Day on their own, sold $ 1 trillion of goods online … in two minutes. The company sold more than 25,300 million dollars in online products last year.

People know this because in a scene at the Sports Center of the University of Shenzhen, there is Jack Ma showing his sales figures like Jerry Lewis during the classic Labor Day to raise telethon for muscle dystrophy.

Thanks to the Alibaba Group, the Global Singles Purchase Festival has become the largest single-day online sales event in the world. (Photo by VCG / VCG through Getty Images)Getty

Although the singles' day of this year is flat against last year, dwarfers Black Friday and Cyber ​​Monday sellers in the United States last year, US traders brought a $ 7.9 billion report on black Friday sales another $ 6.6 billion on Monday cybernetic, according to Adobe Analytics. The day of the bachelors is twice more.

Single Day is done online and 90% is made from a smartphone. Many communication applications are linked to e-commerce platforms and banks, including Alibaba, a financial services product called AliPay.

Chinese consumers buy anything and the whole day of the bachelors. Alibaba sold more than 100,000 cars during last year's shopping event.

The deceleration of the Chinese economy could save bad things tomorrow. Will the local inhabitants be the 100,000 cars more on Sundays? Who knows Maybe not.

"There are many expectations in the market at this time," says Mike Reynal and managing director of emerging markets for Victoria Capital in Des Moines. "I think it's the pressure that was put on FANG stocks that harmed Chinese technology companies," he said on Facebook, Amazon, Netflix and Google. & nbsp; Alibaba has been in a market every year, 21% less. What gets worse is that it trades with 47 times the profits. (Amazon shares are even more expensive on a price basis). Being expensive and in a bear market is a headache, although Alibaba surprises more than $ 30 million in sales tomorrow.

Buyers and pedestrians spend past stores in the Sanlitun area of ​​Beijing, China, on Saturday, November 3, 2018. & nbsp; China is the best consumer history in the world, say strategists from Matthews Asia. Photographer: Gilles Sabrie / Bloomberg& copy; 2018 Bloomberg Finance LP

Even so, China is still the best consumer history in the world, says Andy Rothman, chief investment strategist at Matthews Asia in San Francisco. & Nbsp; Chinese consumers are not immune to the economic downturn, but the opportunity for retailers is still greater than 10 years.

Retail sales increased 7.3% in China, which is slower than the previous year's 9.3%, but is four times higher than that of the United States in terms of percentage growth. & Nbsp; Most are made online. Singles Day is the greatest example of this trend.

They have adopted technology unlike any one in Europe and the United States. The numbers play. Retail sales between the United States and China are now approximately the same, about 6 trillion dollars, but the Internet penetration rate for retailers is about 15% in China compared to 9% in United States.

A Chinese man is looking for a QR code with his smartphone to make an online purchase. Retailers in China have mobile devices more than retailers in any other country. (Getty Images. Royalty free.)Getty

A new study by Walmart and the Chinese giants of electronic commerce Tencent and JD. They found that more than 67% of a sample of 1,774 Chinese consumers say they use mobile shopping services. Ironically, Walmart has partnered with JD.com since 2016 and is not doing anything near what JD is doing with deliveries of drone and electronic commerce in the United States.

China's population on the Internet is growing.

About 72 million Chinese are online, but that's just a penetration rate of 52.2%. The population of the United States on the Internet is 287 million, with a penetration rate of 88.5%. In other words, unless Jack Ma retires from Alibaba, softens the interest of people on Day Care, this day is growing.

China is in a class by itself. O should be It is because of the technology companies that young businessmen from China continue to appear in Forbes billion dollar list

Among the 1,151 MSCI Emerging Markets Index companies, China accounts for 451 of them.

Ma co-founded Alibaba in his apartment 19 years ago. Since then he has directed him. He said that in September it would be diminishing next year, which means that tomorrow will be his last day of bachelors as an executive of Alibaba. Daniel Zhang, the executive director of Alibaba, will be the new president.

"I think retailers of Singles Day could see 20-25% growth," says Andrew Mattock, portfolio manager for the Matthews China Fund. & nbsp; Last week, Alibaba announced & nbsp; that "almost half of the population of China" was buying on their platform. & nbsp; "Chinese consumers started benefiting from a reduction in income tax last month and wholesalers can try to change the inventory by offering attractive prices before China's new electronic trade laws come into force next year," said Mattock.

According to the McKinsey business consultant, China is now the largest global e-commerce market, accounting for more than 40% of global e-commerce. The euphoria created around Alibaba's Singles Day is certainly one of the reasons why.

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Hollywood actress, Scarlett Johansson, with Jack Ma, president of Alibaba Group in a night gala to count down on Singles Day online sales. The shopping leap takes place every year on November 11th. This is his last year to do so as president. O Forbes the billionaire who retires next year. (Photo Barcroft Images / Barcroft Media through Getty Images)Getty

This is the multimillionaire Alibaba, Jack Ma, who is going to live in mind; his last 11/11. The Sunday Singles Day in China, the retail Superbowl, completes the equivalent of rest breaks, is expected to break another record tomorrow. Jack Ma will retire from the company he created and the online store that inspired in great style.

"I think it's going to be another record switch," says Brendan Ahern, KraneShares's investment director. He thinks that Singles Day sales will beat the $ 25.3 billion reminder last year and will reach $ 30,000 million. "The hype and hoopla around this event is growing and the company wants Jack to retire in a big way."

Last year's shopaholic spree, first created for singles like Valentine's Day on their own, sold 1,000 million dollars of merchandise online … in two minutes. The company sold more than 25,300 million dollars in online products last year.

People know this because in a scene at the Sports Center of the University of Shenzhen, there is Jack Ma showing his sales figures like Jerry Lewis during the classic Labor Day to raise telethon for muscle dystrophy.

Thanks to the Alibaba Group, the Global Singles Purchase Festival has become the largest single-day online sales event in the world. (Photo by VCG / VCG through Getty Images)Getty

Although this year's Singles Day is flat against last year's Black Friday and Cyber ​​Monday sales in the United States last year, US retailers brought a $ 7.9 billion price for Black Friday sales and $ 6.6 billion in Cyber ​​Monday, according to Adobe Analytics. The day of the bachelors is twice more.

Single Day is done online and 90% is made from a smartphone. Many communication applications are linked to e-commerce platforms and banks, including Alibaba, a financial services product called AliPay.

Chinese consumers buy anything and the whole day of the bachelors. Alibaba sold more than 100,000 cars during last year's shopping event.

The deceleration of the Chinese economy could save bad things tomorrow. Will the local inhabitants be the 100,000 cars more on Sundays? Who knows Maybe not.

"There is a lot of expectation in the market now," says Mike Reynal and managing director of emerging markets for Victoria Capital in Des Moines. "I think it's the pressure that has been placed on FANG stocks that have hurt China's technology companies," said Facebook, Amazon, Netflix and Google. Alibaba has been in a market every year, 21% less. What gets worse is that it trades with 47 times the profits. (Amazon shares are even more expensive on a price basis). Being expensive and in a bear market is a headache, although Alibaba surprises more than $ 30 million in sales tomorrow.

Buyers and pedestrians spend past stores in the Sanlitun area of ​​Beijing, China, on Saturday, November 3, 2018. China is the best consumer history in the world, Matthews Asia strategists say. Photographer: Gilles Sabrie / Bloomberg© 2018 Bloomberg Finance LP

Even so, China is still the best consumer history in the world, says Andy Rothman, chief investment strategist at Matthews Asia in San Francisco. Chinese consumers are not immune to the economic downturn, but the opportunity for retailers is still greater than 10 years.

Retail sales increased 7.3% in China, which is slower than 9.3% last year, but is four times higher than that of the United States in terms of percentage growth. Most are made online. Singles Day is the greatest example of this trend.

They have adopted technology unlike any one in Europe and the United States. The numbers play. Retail sales between the United States and China are now approximately the same, about 6 trillion dollars, but the Internet penetration rate for retailers is about 15% in China compared to 9% in United States.

A Chinese man is looking for a QR code with his smartphone to make an online purchase. Retailers in China have mobile devices more than retailers in any other country. (Getty Images. Royalty free.)Getty

A new study by giants of electronic commerce and Chinese giant Tencent and JD. They found that more than 67% of a sample of 1,774 Chinese consumers say they use mobile shopping services. Ironically, Walmart has partnered with JD.com since 2016 and is not doing anything near what JD is doing with deliveries of drone and electronic commerce in the United States.

China's population on the Internet is growing.

Around 72 million Chinese are online, but only a 52.2% penetration rate. The population of the United States on the Internet is 287 million, with a penetration rate of 88.5%. In other words, unless Jack Ma retires from Alibaba, softens the interest of people on Day Care, this day is growing.

China is in a class by itself. O should be It is because of the technology companies that young businessmen from China continue to appear in Forbes billion dollar list

Among the 1,151 MSCI Emerging Markets Index companies, China accounts for 451 of them.

Ma co-founded Alibaba in his apartment 19 years ago. Since then he has directed him. He said that in September it would be diminishing next year, which means that tomorrow will be his last day of bachelors as an executive of Alibaba. Daniel Zhang, the executive director of Alibaba, will be the new president.

"I think the Singles Day retailer could see 20-25% growth," says Andrew Mattock, portfolio manager for the Matthews China Fund. Last week, Alibaba announced that "almost half the population of China" was buying on its platform. "Chinese consumers started benefiting from a tax cut last month and traders may try to change the inventory by offering attractive prices before China's new electronic trade laws will come into force next year," said Mattock.

According to the McKinsey business consultant, China is now the largest global e-commerce market, accounting for more than 40% of global e-commerce. The euphoria created around Alibaba's Singles Day is certainly one of the reasons why.


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