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Re:Alibaba Posts $1B in Sales in 5 Minutes on Singles’ Day by baybal2 on Thursday November 10, 2016 @02:10PM (#12923239)
Ma tried to get to the West with B2C really really hard, but only got burned with the 10 Main fad store, a wasted office lease, and around $100m. wasted on online ads alone.

Interestingly, their biggest operation abroad is in Russia, where they spent zero on ads.

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