Won't there be a lot of negative ripple if the buyers never receive their packages?
Over the past few years, I must have bought over 100 items from Aliexpress. About 10% of these packages do not arrive in the post. But the way Aliexpress works is that the supplier is responsible for the delivery of the package. Aliexpress does not pay the supplier until the buyer states that he has received the package.
In other words, if you receive the package and said that you did not receive, you end up paying nothing. If SingPost delivers it to the wrong address, you too will pay nothing.
I really pity the suppliers as I am sure their margins are already very thin. The least we can do is to be as honest as possible when we buy through Aliexpress.
" “You just can’t compare apples to oranges,” Christie said, referring to the U.S. and Chinese marketplaces. He then put it in terms that many Wall Streeters could relate to: “You and I can go down to the corner store and pick up toothpaste at 2 in the morning,” he said. “That is not an option in China. The only way to get it is to go on a platform and have it delivered to your house.”
Then Christie broke it down, saying, “Just to give you some numbers to blow your mind”:
China has a population of 1.4 billion people. That’s more than a billion people more than the 321 million people in the U.S.
There are 668 million people who use the internet in China—or more than double all the people in the U.S.
Last year, Alibaba represented 86% of shopping done on a mobile phone in China.
Alibaba has 367 million active users (defined as someone who purchased something in the last year). In other words, it has more customers than the entire populations of the U.S. and Canada combined.
On average, those active buyers purchased 58 packages per year—or more than one per week. (And each package could contain more than one item.)
Alibaba has more than 10 million active sellers on its marketplaces. By comparison, Amazon reported more than 2 million sellers on its marketplaces worldwide (representing 40% of goods sold on the site).
On last year’s Singles’ Day, celebrated on Nov. 11, Alibaba grossed $9.3 billion in sales—more than U.S. e-commerce sales on Black Friday ($1.5 billion) and Cyber Monday ($2 billion) combined. (Singles’ Day was also 41% bigger by sales volume than U.S. online shopping during the 5-day spree between Thanksgiving and Cyber Monday, which raked in $6.6 billion).