Alibaba invest in SingPost & Other News

[Nzy]

 

Still have alot of our locals working inside, especially the older and aged postman / postwoman.

 

Talked to a friendly auntie postwoman, and she takes pride in her delivery every evening to our blocks :)

Ensure mails are arrived on time and she double-checked the addresses to make sure she put into correct letter boxes :)

 

Hopefully this investment won't affect our locals who are earning a decent salary.

 

My experience is opposite. My uncle's block letters are delivered by this china man who always delivers at the same time in the afternoon everyday and hardly lose any letters and deliver to wrong address. But my block the letters delivered by this local aunty and I lost quite a number of letters already. Recently just lost 2 letters containing my replacement ATM card for a replacement ATM card that was also lost in the mail. Then I have been receiving some of my neighbors letters quite frequently. Plus she seems to come on alternate days cuz I'll have no mail on one day and suddenly my mailbox is overflowing the next day.

[Azhiwen]

 

My experience is opposite. My uncle's block letters are delivered by this china man who always delivers at the same time in the afternoon everyday and hardly lose any letters and deliver to wrong address. But my block the letters delivered by this local aunty and I lost quite a number of letters already. Recently just lost 2 letters containing my replacement ATM card for a replacement ATM card that was also lost in the mail. Then I have been receiving some of my neighbors letters quite frequently. Plus she seems to come on alternate days cuz I'll have no mail on one day and suddenly my mailbox is overflowing the next day.

 

At least this didn't happen:

 

Thousands of undelivered mail dumped in leafy Ukay Heights ravine

[Kusje]

This guy damn terok. Didn't pay with FULL CASH!

 

 

 

 

Over three decades, Son used borrowed money to transform the software wholesaler he founded in 1981 into a phone company spanning two continents. In Japan, he built a challenger to larger carriers and was first to bring Apple Inc.’s iPhone to the country. He bought Sprint to take on the top players in the U.S., Verizon Communications Inc. (VZ) and AT&T Inc.

 

 

 

 

 

 

 

http://www.bloomberg.com/news/2014-05-07/son-makes-58-billion-on-alibaba-with-buffett-type-return.html

[Lethalstrike]

With the number of tiongs living here now, it only makes sense for Alibaba to invest in Singpost right?

Edited September 6, 2014 by Lethalstrike

[Ktglfc]

With the number of tiongs living here now, it only makes sense for Alibaba to invest in Singpost right?

No lah, nothing to do with ah tiongs lah..

SingPost has potential, and being the garmen backed company with sole or majority of the network, this is a plus for investment.

Same will goes to ST Engineering..though it won't be divested due to sensitivity in its business

Good to invest in these companies :))

[Jman888]

why lonely people need to spend so much??

Who just made US$1 billion worth of sales in 18 minutes? Alibaba

PUBLISHED ON NOV 11, 2014

People ride a double bicycle past a logo of The Alibaba Group at the company's headquarters on the outskirts of Hangzhou, China, on Nov 10, 2014. -- PHOTO: REUTERS

NEW YORK (Reuters) - China's online shopping king Alibaba said about US$2 billion worth of goods were sold on the e-commerce giant's websites within the first hour and 12 seconds of Singles Day on Tuesday, its annual 24-hour shopping grabfest.

Alibaba did US$3.1 billion in business in half a day during Singles Day last year, equivalent to what it sold in the full day in 2012.

Half of the US$2 billion gross merchandise volume this year was sold within the first 18 minutes after the "11.11 Shopping Festival" opened, the company said.

Singles' Day - so named because the date Nov. 11 has four singles (11.11) - was started as an in-joke between university students, but has morphed into China's equivalent of Cyber Monday.

 

 

 

[Ktglfc]

 

why lonely people need to spend so much??

 

 

 

 

Spent on gadgets so as to coop in home to play and watch whole day

Spent on ladies' items so as to go out on that day to woo singles' ladies :))

 

Only winner: Alibaba

[Jman888]

how much was Amazon sales on Black Friday or Cyber Monday?

Alibaba reports record $9 bln Singles' Day sales

Reuters By Adam Jourdan

HANGZHOU China (Reuters) - E-commerce giant Alibaba Group Holding Ltd reported more than $9 billion in sales on China's Singles' Day on Tuesday, illustrating the buying power of the Chinese consumer and the importance of the event in the retail calendar.

Real-time figures on a giant screen at Alibaba's sprawling Hangzhou campus surged past 2013's record to 57.1 billion yuan ($9.3 billion) just after midnight after Chinese and overseas shoppers snapped up heavily discounted goods online.

 

 

[Jman888]

According to Bloomberg, online spending on Black Friday $1.2B nia nia .. this was 2013.

 

Online spending increased 15 percent to a record $1.2 billion on Black Friday, according to research by ComScore Inc. (SCOR)Still, because of the in-store slump, total purchases fell 2.9 percent to $57.4 billion during the four days beginning with the Nov. 28 Thanksgiving holiday, according to a survey commissioned by the National Retail Federation.

 

http://www.bloomberg.com/news/2013-12-02/cyber-monday-sales-increase-19-percent-aided-by-mobile-ibm-says.html

 

 

 

 

but then $57 billion for 4 days was A LOT!! think Cyber Monday is getting more sales.

[Jman888]

Delivery delays for vPost users after US mix-up

By Leong Wai Kit, Channel NewsAsia

7 Dec 2014

vPost, the shipping service by SingPost, has been affected by delays due to agents in the United States sending the items to the wrong warehouse.

SINGAPORE: Some online shoppers have been experiencing delays in their deliveries from the US. While it is a common challenge during the festive gift-giving season, vPost - the shipping service by SingPost - said the delay is made worse as agents in the United States messed up deliveries.

One of those affected is new home owner Ms Chng Kheng Leng. She chose to use vPost's services for the delivery of an online purchase she made about three weeks ago.

"Part of the deal is to have the contractors fit the toilet accessories for me, so with this delay, there is a bit of inconvenience because it is either I have to fit it myself later, or get the contractors to come in again to fit it. Given that this is peak season, I think it is perfectly fair to have such delays, but the only thing is I would have wished for a proper notification of such delays," said Ms Chng.

vPost said emails were sent to customers alerting them of the delays earlier this month.

For vPost's delivery system, users have to first sign up for an online account with vPost before they begin shopping. They are then given the address of an overseas warehouse where their purchases will be sent to.

Third-party delivery agents then send the physical purchases to the warehouses - in either the US, UK, China or Japan. Once the orders are in these warehouses, vPost collects and delivers the goods to its customers.

However, US online shops mixed up the orders recently - sending the purchases to the wrong warehouse for processing.

Ms Sherine Teo, vice president of vPost, said: "All of us in the e-commerce shipping industry have been impacted by the failure of the US online shops not physically handing over the items to us. Online shops need to deliver the items to us, so that we can deliver them to our customers."

As a goodwill gesture, vPost said it plans to compensate customers affected by the delays by waiving the base shipping charge of S$13.40.

- CNA/ac

 

 

 

[Jman888]

Alibaba to invest $206M in SingPost and its subsidiary to boost ecommerce logistics

Tech in Asia By Michael Tegos | Tech in Asia

Chinese ecommerce giant Alibaba and Singapore’s national postal and logistics company SingPost have taken their relationship up another notch. Alibaba will invest an additional S$187.1 million (US$138 million) in SingPost, increasing its previous 10.23 percent stake in the company to 14.51 percent.

Not stopping there, Alibaba will also acquire a 34 percent stake in Quantium Solutions International (QSI) by investing up to S$92 million (US$67.9 million). QSI, a wholly owned subsidiary of SingPost, handles end-to-end ecommerce logistics and fulfillment services. The company operates in more than 10 countries across Asia Pacific.

The third part of the deal will see Alibaba and SingPost enter into a “joint strategic business development framework.” This will allow the two companies to work together and combine knowledge, experience, and strengths. As both companies handle different parts of the ecommerce chain, this collaboration should allow them to better manage and scale their respective businesses.

“The pace of transformation at SingPost has been accelerating steadily,” said Lim Ho Kee, chairman of SingPost, in a statement. “As a postal service provider, we are on a burning platform, facing a global decline in mail revenue with trends like e-substitution and lifestyle changes. It is a win-win situation for both of us because we share similar goals and have a natural fit between our operations across Asia.”

People might not be using the mail to send each other letters anymore, but ecommerce is a booming business that still needs that “last mile” care and attention. SingPost has been particularly active in rolling with the times and making the most out of its position as a vital link in the ecommerce chain.

Last year, it unveiled plans for a 553,000-square-foot, S$182 million (US$134 million) ecommerce logistics hub in Singapore, aiming to ramp up its ecommerce support network in Southeast Asia. This year saw initiatives such as an ecommerce deal with Indonesian telco Trikomsel and a US$3.2 million investment in Australian ecommerce firm Hubbed, through QSI.

 

 

 

[Mustank]

 

 

 

 

 

if can get cheap shipping from taobao, i aint compraining

 

[Little_prince]

Need to go brush up on my Chinese liao

[Lala81]

Was thinking of selling it off since the dividend yield is now only 3+ percent.

 

But maybe got some more legs in this counter yet.

[Little_prince]

that's what i'm hoping for bro. lol

 

besides. they slowly also adjusting the dividend upwards and its a fairly strong defensive bluechip.

 

holding long term is not an issue

 

that said, if you got other blue chip with more than 3% dividend and good growth please share leh. lol

 

Was thinking of selling it off since the dividend yield is now only 3+ percent.

 

But maybe got some more legs in this counter yet.

 

Edited July 8, 2015 by Little_prince

[Lala81]

that's what i'm hoping for bro. lol

 

besides. they slowly also adjusting the dividend upwards and its a fairly strong defensive bluechip.

 

holding long term is not an issue

 

that said, if you got other blue chip with more than 3% dividend and good growth please share leh. lol

 

None. I am looking to simplify my portfolio into just mostly STI ETF + a few of my pre-existing counters

So i was looking at the dividend yield of the counters i had to see if i can simplify it.

 

No big amounts but just want to simplify it lor. But nothing i want to sell leh other than my trash S-chips that i hold to remind me of how stupid I am.

Maybe sell off SIA EC at a loss...

It also yields at 3.7% but looks like it's price will be weak.

 

Edited July 8, 2015 by Lala81

[Little_prince]

s chip was my biggest mistake too. lol

 

None. I am looking to simplify my portfolio into just mostly STI ETF + a few of my pre-existing counters

So i was looking at the dividend yield of the counters i had to see if i can simplify it.

 

No big amounts but just want to simplify it lor. But nothing i want to sell leh other than my trash S-chips that i hold to remind me of how stupid I am.

Maybe sell off SIA EC at a loss...

 

[Lala81]

s chip was my biggest mistake too. lol

 

 

Hahaha my record holder.

 

CHINA ESSENCE CSH 3000 1.170 SGD

Last done 0.0020

Worth $6.00

Percentage loss -99.829

Edited July 8, 2015 by Lala81