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Showing posts with label alibaba. Show all posts
Showing posts with label alibaba. Show all posts

Thursday, April 20, 2017

Jack Ma and Alibaba to spend nearly half a billion dollars to turn global retail into a cashless society

When most people think of a cashless society, they generally point towards actions being taken or discussed by government legislators, academics, and even central banks.  But it is not often that the move towards a completely digital economy is being undertaken by a free market enterprise.

Until now.

Ant Financial, which is a subsidiary of Jack Ma's online retail company, Alibaba, is looking to spend nearly half a billion dollars to entice businesses around the world to join his dream of creating a completely cashless retail environment.

Image result for jack ma cashless society
ALIBABA'S financial affiliate Ant Financial said it plans to spend 3 billion yuan (US$435 million) each year in the next two years to push forward the construction of a cashless society through partnership with various kinds of merchants and service providers. 
A total of 15 institutions became the first batch of members of the cashless alliance including the United Nations Environment Program and retailer Carrefour to help boost the adoption of cashless payment. 
Finnish mobile payment service provider ePassi and Australian payment firm Paybang also joined the alliance, which eventually hopes to include 30 million members covering 100 nations. - Shanghai Daily
Interestingly, the inclusion of the UN's Environmental Program to the partnership suggests highly that this vision is about much more than digital commerce, and perhaps is part of the elites goal of instituting a carbon credit monetary system as well as bringing about Agenda 21.

Thursday, July 14, 2016

Like Alibaba's domination over Amazon, Line's social media platform could soon dominate Facebook

There was an interesting statement made back in the 19th century during the industrial revolution that went, I would rather sell 100 shirts at $1 apiece to the Chinese than 10 shirts at $10 apiece.  This is because the potential for profit using the price elasticity of demand model, where by lowering the price you gain much more consumers, is a powerful tool when dealing with the massive populations residing in Asia.


And to date we have seen how this model works in the 21st century, as the e-commerce business known as Alibaba has emerged not only as one of the top 5 companies in the world, but it is also bigger than both Amazon and Ebay combined.

On July 14, the newest Asian powerhouse went public with their own IPO, and already it has the potential to soon dominate Western social media platforms like Facebook.  This is because the Japanese social media company called Line is based on appealing to customer demands and desires, and they have a population potential of several billion users to service.

It took Facebook five years to reach 200 million active users, but only three years for Line to achieve that same number.  And Facebook would have to wait another three years before launching itself as a public IPO, and at a value several dollars less than Line did today at $42 per share.
Line users per quarter

The bottom line is that so far in the second decade of the 21st century, the potential for growth is far greater in Asia than it is in the West, and especially within the United States economy.  And perhaps this is also why China now has the world's largest bank, and in reality the world's largest financial system, and where the future of economic growth no longer resides in companies coming out of the West.

Friday, April 8, 2016

First it was global production, now Chinese company surpasses Walmart as world’s largest retailer

On April 5, the SEC reported that China’s e-commerce behemoth Alibaba has now surpassed Walmart as the world’s largest retailer, putting China clearly in the top spot for global production, and rising retail market share.
In fact, Alibaba’s success marks a paradigm shift, where the world’s largest e-commerce company is now bigger than the world’s largest brick and mortar retailer.
China’s e-commerce site Alibaba has become the world’s largest retail platform, according to a US Securities and Exchange Commission (SEC) filing released on Tuesday.
Alibaba has yet to announce the financial results for the last quarter of its fiscal year ending on March 31, but the statement makes it clear the company has outpaced Walmart that posted revenues of $482.1 billion for its fiscal year ending January 31.
In the fortnight before the filing, the Chinese retailer said it had reached 3 trillion yuan (about $476 billion) in Gross Market Value (GMV).
“With 10 days remaining in our fiscal year ending March 2016, Alibaba’s China retail marketplace platforms surpassed 3 trillion yuan in GMV. That is about $476 billion and, if the platforms we operate were a province, we would rank as the 6th largest provincial economy in China,” said Alibaba’s Executive Vice Chairman Joe Tsai in a blog post on March 21.
The company’s record-breaking sales show that China, as the world’s largest retail market, has switched from offline to online, Alibaba said. - Russia Today
Another interesting fact about Alibaba is that directly and indirectly, they support 15 million jobs where Walmart employs only 2.1 million workers.
welcome to walmart
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Tuesday, September 23, 2014

Chinese IPO becomes 11th largest company in U.S. on opening day of trading

On Sept. 19, the Chinese version of Amazon.com opened from trading on the NYSE a day after going public in a record setting IPO.  Alibaba, which was built from the ground up by former school teacher Jack Ma, quickly flew from its IPO price of $68 per share to a whopping $92.30 at the time of the opening bell.
 
Closing the day around the same price, Alibaba has a market cap of right around $230 billion, and in just one day, became the 11th largest company in the U.S., surpassing long-standing companies like Facebook, J.P. Morgan Chase, Verizon, IBM, and Coca-Cola.  Only megaliths in the corporate world now stand higher than Alibaba, with Apple at number one, and with a market cap of over $380 billion more than the Chinese juggernaut.
 
 
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