Nipate

Forum => Kenya Discussion => Topic started by: Georgesoros on November 11, 2019, 04:08:46 PM

Title: I think Chinese are manipulating data - $30bil in one day???
Post by: Georgesoros on November 11, 2019, 04:08:46 PM

https://www.cnbc.com/2019/11/11/alibaba-singles-day-2019-record-sales-on-biggest-shopping-day.html

Robina,
Please do your magic and investigate this. Is this the new Soviet style manipulation?. :D
What the heck is going on...

Title: Re: I think Chinese are manipulating data - $30bil in one day???
Post by: RV Pundit on November 11, 2019, 04:12:15 PM

If Alibaba have 500m customers - then 30B is pocket change

Title: Re: I think Chinese are manipulating data - $30bil in one day???
Post by: Nefertiti on November 11, 2019, 05:11:26 PM

Alibaba is listed on Wall Street and cannot lie without severe reprisal from the SEC. So i agree with Pundit - these are legit numbers.

Title: Re: I think Chinese are manipulating data - $30bil in one day???
Post by: RV Pundit on November 11, 2019, 05:52:27 PM

There are 4.5B people on internet. Imagine if you captured all of them - and each bought something for 10 dollars - that will be 45B dollars.

The next generation of companies driven by tech will be humongous.

Title: Re: I think Chinese are manipulating data - $30bil in one day???
Post by: Georgesoros on November 11, 2019, 09:36:34 PM

Trumps nationalism is SCREWED!!!
I think China will not budge. Her economy although small is solid. They can afford to wait it out while opening other channels. Obama was a visionary with TPP, but the moron killed it.