Supply Chain Issues? LOL -- Not For The Chinese, Apparently. I Think American Analysts Complain Too Much -- November 11, 2021

I didn't have time to post this, so will let a reader do that for me:

Alibaba is a Chinese company, so is JD.com. 

On 11-11 each year they have a shopping event called "Singles Day" I had never heard of it. 

In 11 days, JD.com did 50% more business than our 3 biggest shopping days, combined. (Black Friday, Cyber Monday, Amazon Prime Day) And Alibaba sold 35 BILLION more than JD.com. Yikes! 

Link here.

Chinese tech giant Alibaba raked in a whopping $84.5 billion in sales during its annual 11/11 Singles Day shopping extravaganza. 

This year’s numbers blew away the company’s 2020 sales of $74 billion, despite Alibaba facing regulatory scrutiny at home, and the pandemic-driven global supply chain crunch. 

The largest shopping event in the world, Singles Day dwarfs Amazon’s Prime Day, Cyber Monday, and Black Friday combined, which came in at about $30.7 billion. 

Some 290,000 brands participated in Alibaba’s shopping festival, which began on Nov. 1 and ran through Nov. 11. Alibaba rival JD.com said it pulled in $48.7 billion just before the end of the shopping day in China.

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The Grandsons On Veterans' Day