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Author Topic: I think Chinese are manipulating data - $30bil in one day???  (Read 1720 times)

Offline Georgesoros

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I think Chinese are manipulating data - $30bil in one day???
« 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...

Offline RV Pundit

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Re: I think Chinese are manipulating data - $30bil in one day???
« Reply #1 on: November 11, 2019, 04:12:15 PM »
If Alibaba have 500m customers - then 30B is pocket change

Offline Nefertiti

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Re: I think Chinese are manipulating data - $30bil in one day???
« Reply #2 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.
I desire to go to hell and not to heaven. In the former place I shall enjoy the company of popes, kings, and princes, while in the latter are only beggars, monks, and apostles. ~ Niccolo Machiavelli on his deathbed, June 1527

Offline RV Pundit

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Re: I think Chinese are manipulating data - $30bil in one day???
« Reply #3 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.

Offline Georgesoros

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Re: I think Chinese are manipulating data - $30bil in one day???
« Reply #4 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.
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