Re:Alibaba hits nearly $18B in ‘Singles Day’ orders in 12 hours
by adventured on Saturday November 11, 2017 @08:50AM
(#15676344)
That's not misleading at all. That's how consumer spending is measured. How would you go about explaining that water, electricity and food are not consumption goods, but an iPad is?
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Re:Alibaba hits nearly $18B in ‘Singles Day’ orders in 12 hours
by pwinnski on Saturday November 11, 2017 @01:12PM
(#15677359)
It's misleading because nobody is buying water or electricity or paying rent on Alibaba today for 11.11.
Comparing apples to apples would mean comparing the amount spent online in the U.S. with a single company. Even comparing apples to pears would mean comparing all online sales in the U.S. to Alibaba 11.11 sales.
Comparing all "consumer spending" in the U.S. with Alibaba 11.11 sales is, well, it's misleading.
Re:Alibaba hits nearly $18B in ‘Singles Day’ orders in 12 hours
by OJFord on Saturday November 11, 2017 @12:51PM
(#15677264)
It's misleading here because it has nothing really to do with Alibaba or Amazon; of course there are differences in cost of living in the USA and China, the interesting figure here is online spending, or luxury spending, etc.