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<blockquote data-quote="35years" data-source="post: 3338310" data-attributes="member: 60822"><p>By the way Amazon is facing increasing pressure from direct to consumer worldwide giant Alibaba.</p><p> </p><p>I recently purchased something that retailed for $300+ tax on Amazon for $82 with no tax added from Alibaba (free shipping). Amazon sells the same stuff but you can cut them out of the supply chain by simply ordering direct from China (Alibaba).</p><p></p><p>I think Amazon's near monopoly on internet sales in the USA is eventually doomed by direct to consumer Chinese companies, as pointed out by this Forbes article...</p><p></p><p><a href="https://www.forbes.com/sites/panosmourdoukoutas/2017/08/22/alibaba-beats-amazon/#23c94bae3f97" target="_blank">Alibaba Beats Amazon</a></p><p></p><p>Alibaba's stock is up 100% over the last year...</p><p><a href="https://www.marketwatch.com/investing/stock/baba" target="_blank">Alibaba Group Holding Ltd. ADR</a></p><p></p><p></p><p><a href="https://en.wikipedia.org/wiki/Alibaba_Group" target="_blank">Alibaba Group - Wikipedia</a></p><p>At closing time on the date of its <a href="https://en.wikipedia.org/wiki/Initial_public_offering" target="_blank">initial public offering</a> (IPO) - the world's highest, 19 September 2014, Alibaba's market value was US$231 billion.<a href="https://en.wikipedia.org/wiki/Alibaba_Group#cite_note-Sep-4" target="_blank">[4]</a> As of January 2018, Alibaba's <a href="https://en.wikipedia.org/wiki/Market_value" target="_blank">market cap</a> stood at US$527 billion.<a href="https://en.wikipedia.org/wiki/Alibaba_Group#cite_note-5" target="_blank">[5]</a> It is one of the top 10 most valuable and biggest companies in the world.<a href="https://en.wikipedia.org/wiki/Alibaba_Group#cite_note-6" target="_blank">[6]</a> In January 2018, Alibaba became the second Asian company to break the US$500 billion valuation mark, after <a href="https://en.wikipedia.org/wiki/Tencent" target="_blank">Tencent</a>.<a href="https://en.wikipedia.org/wiki/Alibaba_Group#cite_note-7" target="_blank">[7]</a></p><p></p><p>Alibaba is the world's largest and most valuable retailer since April 2016,<a href="https://en.wikipedia.org/wiki/Alibaba_Group#cite_note-8" target="_blank">[8]</a> with operations in over 200 countries,<a href="https://en.wikipedia.org/wiki/Alibaba_Group#cite_note-9" target="_blank">[9]</a> as well as <a href="https://en.wikipedia.org/wiki/List_of_largest_Internet_companies" target="_blank">one of the largest Internet companies</a>. Its online sales and profits surpassed all US retailers (including <a href="https://en.wikipedia.org/wiki/Walmart" target="_blank">Walmart</a>,<a href="https://en.wikipedia.org/wiki/Amazon_(company)" target="_blank">Amazon</a> and <a href="https://en.wikipedia.org/wiki/EBay" target="_blank">eBay</a>) combined since 2015.<a href="https://en.wikipedia.org/wiki/Alibaba_Group#cite_note-10" target="_blank">[10]</a> It has been expanding into the media industry, with revenues rising 3-digit percents year on year.<a href="https://en.wikipedia.org/wiki/Alibaba_Group#cite_note-11" target="_blank">[11]</a><a href="https://en.wikipedia.org/wiki/Alibaba_Group#cite_note-12" target="_blank">[12]</a> It also orchestrated China's <a href="https://en.wikipedia.org/wiki/Singles%27_Day" target="_blank">Singles' Day</a> into the world's biggest online and offline shopping day, with its own sales reaching over US$25.4 billion on 11 November 2017.<a href="https://en.wikipedia.org/wiki/Alibaba_Group#cite_note-13" target="_blank">[13]</a><a href="https://en.wikipedia.org/wiki/Alibaba_Group#cite_note-14" target="_blank">[14]</a></p></blockquote><p></p>
[QUOTE="35years, post: 3338310, member: 60822"] By the way Amazon is facing increasing pressure from direct to consumer worldwide giant Alibaba. I recently purchased something that retailed for $300+ tax on Amazon for $82 with no tax added from Alibaba (free shipping). Amazon sells the same stuff but you can cut them out of the supply chain by simply ordering direct from China (Alibaba). I think Amazon's near monopoly on internet sales in the USA is eventually doomed by direct to consumer Chinese companies, as pointed out by this Forbes article... [URL='https://www.forbes.com/sites/panosmourdoukoutas/2017/08/22/alibaba-beats-amazon/#23c94bae3f97']Alibaba Beats Amazon[/URL] Alibaba's stock is up 100% over the last year... [URL='https://www.marketwatch.com/investing/stock/baba']Alibaba Group Holding Ltd. ADR[/URL] [URL='https://en.wikipedia.org/wiki/Alibaba_Group']Alibaba Group - Wikipedia[/URL] At closing time on the date of its [URL='https://en.wikipedia.org/wiki/Initial_public_offering']initial public offering[/URL] (IPO) - the world's highest, 19 September 2014, Alibaba's market value was US$231 billion.[URL='https://en.wikipedia.org/wiki/Alibaba_Group#cite_note-Sep-4'][4][/URL] As of January 2018, Alibaba's [URL='https://en.wikipedia.org/wiki/Market_value']market cap[/URL] stood at US$527 billion.[URL='https://en.wikipedia.org/wiki/Alibaba_Group#cite_note-5'][5][/URL] It is one of the top 10 most valuable and biggest companies in the world.[URL='https://en.wikipedia.org/wiki/Alibaba_Group#cite_note-6'][6][/URL] In January 2018, Alibaba became the second Asian company to break the US$500 billion valuation mark, after [URL='https://en.wikipedia.org/wiki/Tencent']Tencent[/URL].[URL='https://en.wikipedia.org/wiki/Alibaba_Group#cite_note-7'][7][/URL] Alibaba is the world's largest and most valuable retailer since April 2016,[URL='https://en.wikipedia.org/wiki/Alibaba_Group#cite_note-8'][8][/URL] with operations in over 200 countries,[URL='https://en.wikipedia.org/wiki/Alibaba_Group#cite_note-9'][9][/URL] as well as [URL='https://en.wikipedia.org/wiki/List_of_largest_Internet_companies']one of the largest Internet companies[/URL]. Its online sales and profits surpassed all US retailers (including [URL='https://en.wikipedia.org/wiki/Walmart']Walmart[/URL],[URL='https://en.wikipedia.org/wiki/Amazon_(company)']Amazon[/URL] and [URL='https://en.wikipedia.org/wiki/EBay']eBay[/URL]) combined since 2015.[URL='https://en.wikipedia.org/wiki/Alibaba_Group#cite_note-10'][10][/URL] It has been expanding into the media industry, with revenues rising 3-digit percents year on year.[URL='https://en.wikipedia.org/wiki/Alibaba_Group#cite_note-11'][11][/URL][URL='https://en.wikipedia.org/wiki/Alibaba_Group#cite_note-12'][12][/URL] It also orchestrated China's [URL='https://en.wikipedia.org/wiki/Singles%27_Day']Singles' Day[/URL] into the world's biggest online and offline shopping day, with its own sales reaching over US$25.4 billion on 11 November 2017.[URL='https://en.wikipedia.org/wiki/Alibaba_Group#cite_note-13'][13][/URL][URL='https://en.wikipedia.org/wiki/Alibaba_Group#cite_note-14'][14][/URL] [/QUOTE]
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