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TheWorldNewsOrg

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    Alibaba

    in Topics

    Posted

    And AGAIN in 2018....

    Alibaba Blows Amazon Out of the Water

    Jack Ma is really, really grateful your best swiping efforts have only resulted in a few awkward first dates. That's because on China's annual Singles Day shopping event, his Alibaba raked in a record $30.8 billion in sales in just 24 hours.

    Take that, Amazon Prime Day. Sales during Alibaba's spending extravaganza whizzed past Amazon's biggest shopping day of the year...in the time it takes you to shower and brush your teeth—less than 10 minutes.

    What else was notable?

    • Alibaba said the top three brands in early Singles Day sales were Xiaomi, Apple, and Dyson.
    • It jumped past the previous Singles Day sales record of $25.3 billion by the early evening, and total sales grew 27% from last year.

    A lot of people were concerned that a slowing Chinese economy could undermine Singles Day. And while Alibaba did hit a new record, that 27% growth was the smallest increase in the 10 years the event has existed.

    Camp Fire is now the most destructive wildfire in US history

    in Topics

    Posted

    California Fires Cause Record-Setting Damage

    The wildfires north of San Francisco and close to L.A. have devastated the Golden State—at least 25 people have died, and 250,000 people have been forced to evacuate.

    In Northern California...the so-called Camp Fire is now the most destructive wildfire in the state's history (in terms of property damage).

    • Utilities under scrutiny: Power lines and faulty equipment have historically been blamed for sparking wildfires in California, per CNBC.
    • PG&E—which was linked to 16 fires last year—wrote in a regulatory filing Friday that a transmission line near the fire's origin experienced an outage just 20 minutes before the first fire was reported. Shares fell 16.5%.

    And in Southern California...the fire has burned 35,000 acres, more than double the size of Manhattan. It 2x'ed in size Sunday morning.

    A worrying trend, per an Aon meteorologist:

    aon-insurance.png

    A gunman killed 12 people, including a police officer, when he opened fire in a country music bar packed with college students in California

    in Topics

    Posted


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