data-mobile="true" data-tablet-width="1100" data-tablet-small-width="840" data-mobile-width="640">
Log in

Ruth J. Morrison

Ruth J. Morrison

China's Alibaba Singles Day Sales Beats Black Friday and Prime Day by a Mile

Alibaba-created Singles Day holiday generates more than $30 billion in sales in one day for the Chinese online platform

You think Black Friday shopping in the U.S. is huge? Yes, it is, but it pales in comparison to China's largest one-day shopping day, Singles Day, a day when single people in China get to celebrate their singleness. And, this year, on November 11, 2018, Singles Day sales reached $30 billion in one day on Alibaba’s platform. Yes, you read that right $30 billion with a “b”. By comparison, in 2017, online sales on the Black Friday weekend, which now starts on Thanksgiving and rolls right into Small Business Saturday and Cyber Monday, were approximately $20 billion, according to Adobe Analytics. It is important to note that the Black Friday weekend sales were across many retailers and not just one as in the case of Alibaba.

Screenshot Adobe Analytics 2017 Holiday Season Retail Ecommerce Sales

Alibaba, a company based in China, is described by many in the U.S., as the “Amazon” of China. However, Amazon more than likely aspires to have sales like Alibaba, but it’s not there yet. In 2018, Amazon says it had its largest Prime Day ever with Prime members purchasing more than 100 million products.

How does that translate into dollars, you ask? We don’t know exactly, as Amazon has not given that number. In Amazon’s press release announcing its 3Q2018 earnings report the company said, "Amazon's biggest global shopping event ever, welcoming more new Prime members on July 16th than any other previous day in Amazon history."

Although Amazon did not mention “Prime Day” in its 3Q2018 press release, the company did mention various “Prime” products and services at least 25 times in its release.

But Amazon being mum on the Prime Day sales number did not stop market research firms from providing their Amazon Prime Day sales estimates. RBC Capital Markets analyst Mark Mahaney told Reuters that Amazon probably made between $1.5 billion and $2 billion in revenue from this year’s Prime Day. Internet Retailer estimates sales hit $4.19 billion globally this year during the 36-hour sale July 16-17, up nearly 74% from $2.41 billion during last year’s Prime Day (a 30-hour sales event July 11-12, 2017). While, before Prime Day, the retail think tank Coresight Research predicted sales would reach $3.4 billion, about $1 billion more than last year.

When you think about the reported most popular Prime Day purchases in the United States being Instant Pots, personal water filters and the 23andMe DNA test, and total Prime Day sales being under, well let’s stretch it to $10 billion, and Black Friday Weekend in 2017 registering just under $20 billion, you can begin to see why American businesses have their eye on China.

As Amazon is an international company, its revenue on Prime Day comes from international markets as well. So what were the big categories internationally for Amazon? Well, various market research sources say the big products purchased by Amazon’s international customers on Amazon Prime Day were video games and consoles, smartphones, pans, light bulbs, and laundry detergent.

Now, this article is not meant to bash Amazon, Not in the least, it’s just an opportunity to focus on China’s consumer market and to help people to understand why U.S. businesses big and small want to get their products into China. Additionally, Amazon Prime Day is a big day for many small and mid-sized businesses. Amazon says that sales for its marketplace merchants far exceeded $1 billion, which is a big deal if you’re part of that group.

If you own a small to a mid-sized company selling your products to people and companies in China or, looking to sell into the China where $30 billion was spent with one company in one day, you probably know you can't expect to replicate Alibaba's success, as it is the hometown team. But you’re probably praying that the U.S.-China tariff negotiations are going well. No business wants to be on the outside looking in, particularly when a country has more people in the middle class than the United States has people.

Photo by mentatdgt from Pexels

  • Published in Business

Congratulations to New York Association of Black Journalists (NYABJ)

NYABJ Named a Finalist for NABJ Professional Chapter of the Year

The NY Chapter of the Association of Black Journalist, representing the nation's largest media market also had a strong year of membership growth and program development.

Michael Feeney, a reporter with New York Daily News and 2010's NABJ Emerging Journalist of the Year, credits the chapter’s networking events as one of the reasons NYABJ's paid memberships has grown to more than 140 members. This includes its hugely successful Late Summer Mixer, at Neely's Barbecue Parlor in Manhattan. The mixers have become such a draw that RSVP is required.

NYABJ remained on the political forefront of the 2012 election season by teaming up with Young Professionals United for Change for a Vice Presidential debate watch party, with remarks from Roland Martin and Keli Goff. Feeney said Actress Lynn Whitfield also attended; and the chapter also hosted a Presidential Election panel, Campaigns through the Lens of the Media on the night before the elections.

NYABJ's signature annual Scholarship & Awards Banquet increased in notoriety and recognition in 2012.

"We honored the work of more than 40 journalists,” said Feeney. “The event also garnered widespread media attention because Beyoncé was among the award winners. She thanked NYABJ in a video posted online."

Beyoncé was honored for Essence article "Eat, Play, Love," about how a nine-month break changed her life.

NYABJ also kept true to its purpose of honoring pioneers in journalism and grooming the next generation.

"We also honored WNBC anchor Sue Simmons in a special awards ceremony," Feeney added.

He also praised NYABJ's FIRST TAKE, a free eight-week high school journalism workshop that meets once a week at Brooklyn's Long Island University campus. It trains some 20 students in reporting and producing stories in multimedia formats under the tutelage of NYC's top journalists.

"We know that the workshop is giving city kids something positive to do and it's helping to mold the next wave of journalists. We're so proud of this program and the kids amaze us every year," Feeney continued.

Chance to Win Two Tickets to See Jay-Z in Concert Sweepstakes!

Your Chance to Win Two Tickets to See Jay-Z in Concert from Your Friends at What's The 411 Networks!

All you need to do is, "Like" What's The 411's Facebook page (www.Facebook.com/WhatsThe411TV) and then complete the entry form.

You will be entered into the sweepstakes to win a pair of concert tickets to see Jay-Z rock the house on Monday, October 1, 2012, at 8:00 p.m. at the Barclays Center in Brooklyn, NY!

Invite your friends to enter! The more your friends register from your link, the more you increase your chances of winning, so share away!

You must be 18 years of age and over to win these tickets. This is a ticket only contest.

Good Luck!!!!

  • Published in Concerts

Noel Pointer Court Makes Its Debut

Noel Pointer Court is Not Your Typical Low-Moderate Housing Complex

Today was the ribbon-cutting and grand opening ceremony for Noel Pointer Court, a newly-constructed residential building with 23 affordable apartments developed by Bridge Street Development Corporation (BSDC).

As you can see from the photos, this is not your typical low-to-moderate income housing. Kudos to BSDC!

The building, named in honor of the late Brooklyn-born jazz violinist Noel Pointer, is located at 790 Lafayette Avenue between Throop and Marcus Garvey Avenues in the heart of Bedford-Stuyvesant.

Low-and moderate-income tenants for the eight 1-bedroom and fifteen 2-bedroom apartments were selected via a public lottery process conducted in partnership with the NYC Department of Housing Preservation and Development.

More than 4,000 applications were received.

Subscribe to this RSS feed