{"id":3181,"date":"2020-07-26T09:54:26","date_gmt":"2020-07-26T13:54:26","guid":{"rendered":"https:\/\/new.jeffgreenfield.com\/?p=3181"},"modified":"2020-07-26T16:41:04","modified_gmt":"2020-07-26T20:41:04","slug":"bloomberg-technology-interview-on-singles-day","status":"publish","type":"post","link":"https:\/\/jeffgreenfield.com\/bloomberg-technology-interview-on-singles-day\/","title":{"rendered":"Bloomberg Technology Interview On Single’s Day"},"content":{"rendered":"

Shery Ahn<\/u>
\nGreat record sales for Alibaba and yet investors don\u2019t seem to be impressed. The stock actually fell and Baird now saying that sales saw a meaningful deceleration from 2018 levels. What\u2019s your take?<\/p>\n

Jeff Greenfield<\/u>
\nIt\u2019s definitely a deceleration compared to previous years, but the key is that if you look at the growth since they started pushing on Singles Day, it\u2019s absolutely incredible.<\/p>\n

We shouldn\u2019t be too impressed with the dollars, the big story here is the data: how they\u2019re able to do it and when you look on comparison \u2013 when you look at the number of people that Alibaba shoppers have and you compare that to the US population, Prime Day and Black Friday it is actually not that far behind. The numbers with Alibaba are much much larger, but there\u2019s so many more people.<\/p>\n

The big story here is the data and what happens with the data for retailers in the US.<\/p>\n