Alibaba's Singles' Day sales exceed predictions at $9.3B

http://en.m.wikipedia.org/wiki/Beijing_Subway

http://en.m.wikipedia.org/wiki/Shanghai_Metro

http://en.m.wikipedia.org/wiki/New_York_City_Subway

That said, word of caution though

- Unless you want to pay insane shipping, your order won't arrive in the USA for like 4 to 6 weeks.

- Clothing sizes are tricky. I usually go one size bigger than my US/UK size. For my wife who wears S or XS, I have to get her medium - sometimes even that's too small.

- Clothing quality varies especially for lady's clothing. Nearly always it looks fantastic, but if you dare put it in the washing machine it will disintegrate. Wash by hand or dryclean.

- Order electronics at your own peril. That's just rolling dice. I've seen Android phones & tablets from them. When I have a few extra hundred lying around, I'm gonna try getting a laptop - and I fully expect to get junk. But I've also seen orders fulfilled surprisingly well.

- Customer Support doesn't usually have english as first language.

- So far, out of like 20+ orders. They've gotten maybe 2 completely wrong... or I misread the product-details(some of those pages can be tricky)

1. http://en.wikipedia.org/wiki/Alibaba_Group

But basically what's wrong is Russia and China (so 1.5 billion people) plus the Middle East are all tired of the petrodollar and want out badly.

http://www.cepr.net/index.php/blogs/beat-the-press/franklin-...

"The people who say that this is due to the fact that they are investing in building up their business are showing their ignorance. Reinvesting and profits are two separate issues. Profits reflect the difference between revenues and costs on current business operations. These can all be used for investment in expansion (as opposed to being paid out as dividends and share buybacks), but they should still show up as profits. Amazon doesn't show profits or at least not much. This means that it costs them as much to run their business as they are getting from customers in revenue. That is not viable as a long-term model even if they are always expanding."

-----

edit:

[from a comment on that page]

Title: "Nothing Depreciates In Less Than 5 Years"

"Sorry folks, there is no way that would keep Jeff Bezos out of jail where their greater investment would explain the lack of accounting profit. There is nothing that depreciates in less than 5 years (20 percent annual rate) and most items at a considerably faster rate. This means the difference in re-investment rates could at best knock off a small share of Amazon's profits if they are not committing fraud.

"The math on this is simple. Assume Amazon's 'true' profits are rising 15 percent a year. Assume that they re-invest 100 percent of their profits, as oppose to the 30-40 percent that would be more typical. The higher depreciation over the last five years in this case would account for just 47 percent of Amazon's current year profits. The number would fall sharply if we assume the true rate of profit growth is 20 percent or higher and that some of Amazon's investments depreciate in more than 5 years."