Summary of Duncan Clark's Alibaba , livre ebook

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Please note: This is a companion version & not the original book.
Sample Book Insights:
#1 On November 11, 2015, in Beijing, the venue for the aquatics events in the Beijing Olympics, a huge digital screen displayed maps, charts, and news crawls reporting in real time the purchases of millions of consumers across China on Alibaba’s websites.
#2 In China, November 11 is Singles’ Day, a special annual promotion. From just twenty-seven merchants in 2009, over forty thousand merchants and thirty thousand brands now participate in Singles’ Day. Total sales in 2015 were up 60 percent from the $9 billion of the previous year.
#3 Alibaba was successful because it offered consumers in China an unparalleled variety of goods, delivered quickly and reliably. Its finance subsidiary ensured that buying on Alibaba was easy and worry free.
#4 Alibaba’s consumer websites, Taobao and Tmall, serve as platforms for other merchants to sell their wares. They charge no fees, but make money from advertising space and promoting those merchants who want to stand out from the crowd.

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Publié par	Everest Media LLC
Date de parution	28 mars 2022
Nombre de lectures	0
EAN13	9781669369165
Langue	English
Poids de l'ouvrage	1 Mo

Informations légales : prix de location à la page 0,0150€. Cette information est donnée uniquement à titre indicatif conformément à la législation en vigueur.

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Insights on Duncan Clark's Alibaba
Contents Insights from Chapter 1 Insights from Chapter 2 Insights from Chapter 3 Insights from Chapter 4 Insights from Chapter 5 Insights from Chapter 6 Insights from Chapter 7 Insights from Chapter 8 Insights from Chapter 9 Insights from Chapter 10 Insights from Chapter 11 Insights from Chapter 12
Insights from Chapter 1

#1

On November 11, 2015, in Beijing, the venue for the aquatics events in the Beijing Olympics, a huge digital screen displayed maps, charts, and news crawls reporting in real time the purchases of millions of consumers across China on Alibaba’s websites.

#2

In China, November 11 is Singles’ Day, a special annual promotion. From just twenty-seven merchants in 2009, over forty thousand merchants and thirty thousand brands now participate in Singles’ Day. Total sales in 2015 were up 60 percent from the $9 billion of the previous year.

#3

Alibaba was successful because it offered consumers in China an unparalleled variety of goods, delivered quickly and reliably. Its finance subsidiary ensured that buying on Alibaba was easy and worry free.

#4

Alibaba’s consumer websites, Taobao and Tmall, serve as platforms for other merchants to sell their wares. They charge no fees, but make money from advertising space and promoting those merchants who want to stand out from the crowd.

#5

Alibaba’s websites are popular in part because, as in the United States, shopping online from home can save time and money. More than 10 percent of retail purchases in China are made online, higher than the 7 percent in the United States.

#6

In China, the burden of real estate on traditional retailers is a key factor in the success of e-commerce. Because of the way the Chinese economy is structured, the government has a lot of resources. The government decides the price of land and how resources are spent. This has severely limited the retail business in China, and pushed demand online.

#7

Taobao, the website, opened the door to online shopping in China, and Tmall has widened it even further. The most popular items on Alibaba’s sites are shoes and clothing, ranging from socks and T-shirts to dresses costing tens of thousands of dollars.

#8

Alibaba also sells automobiles online. Customers can buy services on Taobao, from artists and musicians to surrogates. The sheer variety of services on offer provides a revealing insight into China’s fast-changing social mores.

#9

Alibaba has had to balance the interests of consumers, merchants, and itself, as the company has grown. The company has had to deal with the threat of piracy on its platforms, as well as the concerns of brand owners.

#10

Chinese consumers spent more than $32 billion on package deliveries in 2014. The number increased by more than 40 percent in a year. But the volume is set to grow dramatically in the years ahead: on average, less than one package per month is delivered for every person in China.

#11

Alibaba has invested in a logistics firm called China Smart Logistics, or Cainiao, which handles more than 30 million packages a day and employs more than 1. 5 million people.

#12

Alibaba is attempting to build a new competitive playing field by harnessing data technology, including Big Data. It has shored up the most important asset of all: trust. Customers and merchants know they can count on the products getting where they need to be, on time.

#13

The final edge in the iron triangle is finance. Alipay, Alibaba’s answer to PayPal, is the most popular online payment tool in China. It handles more than 85,000 payments per second during Singles’ Day 2015.

#14

Because it has access to the trading history of its customers, Alibaba is in a better position to assess credit risk than the banks. It offers financial services ranging from wealth management to peer-to-peer lending.
Insights from Chapter 2

#1

Jack is the face of Alibaba. He is short and thin, and he has been described in the media as an imp of a man with sunken cheekbones. He has turned his distinctive looks to his advantage.

#2

Jack’s speaking style is so effective because his message is so easy to agree with, remember, and digest. He has a unique Chinese combination of blarney and chutzpah.

#3

Humor is a big part of Jack’s speeches. He is able to deliver them in fluent English, which makes his message more resonant in both languages.

#4

Jack’s mantra is Customers first, employees second, and shareholders third. He has always insisted on offering most of Alibaba’s services for free. He doesn’t sugar coat the challenges to his employees, but he also doesn’t divert from his ambitions due to short-term pressures to generate profit.

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Summary of Duncan Clark's Alibaba , livre ebook

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