Alibaba, the Chinese e-commerce giant that is bigger than Amazon and eBay combined, sold more than $9 billion worth of goods Tuesday during its annual “Singles’ Day” shopping holiday. “Singles’ Day,” which Alibaba CEO Jack Ma made up to take place every Nov. 11, is the Chinese equivalent of Cyber Monday in the U.S. and is the biggest shopping day of the year globally on a revenue basis.
Can combining algorithms, stylists, and mail create a DIY–personal shopper hybrid for the masses? Stitch Fix’s entire business depends on it.
Chad Dickerson spoke at length with BuzzFeed about Etsy allowing vendors to use outside production, why New York’s tech industry is alive and well, and why he loves HBO’s Silicon Valley.
The two e-commerce retailers are aggressively trying to undercut each others’ book prices, which is great for consumers but not so much for authors.