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Alibaba shakes up online shopping market for Canadian producers
SubscriptionsGo to the Subscriptions Centre to manage your:My ProfileAlibaba founder, Jack Ma, told Stephen Harper during his recent trip to China that customers bought 20,000 Canadian lobsters through his online empire last year. Ma who appears set on world e commerce domination predicted better results to come.'Singles Day' nets Alibaba sales bonanza above $9 billion in 1 day$17M lobster deal signed with ChinaAnd he got them. One company alone estimates it sold more than 90,000 Nova Scotia lobster this past Tuesday on Alibaba's colossal upscale shopping mall site, Tmall. Tuesday was China's deep annual discount day."I am thrilled," says Marc Surette about the remarkable volume."As we watch the internet grow and we watch online shopping grow, there really is no imaginable limit to what this could mean," adds Surette, who works for ZF Max International, a Canadian based operation with a parent company in China. ZF Max employs up to 60 Nova Scotians and runs a lobster plant near Halifax.'There really is no imaginable limit to what this could mean' Marc Surette, ZF Max International Inc.The Chinese weren't just clicking on Canadian lobster last Tuesday. On that day, sales through Alibaba's websites exceeded $9.3 billion (US).Alibaba's people powerAlibaba is China's largest online commerce company where consumers connect with products and companies connect with suppliers. When you tally up the sales, it's already bigger than Amazon and eBay combined. And it owes much of its success to China's ballooning middle class, where a growing number of people can spend more on things they need and on stuff they truly don't need."There a huge amount of demand from China," Ma told the Canadian prime minister and fellow audience members in Hangzhou, China, where Alibaba is headquartered. He added that 120 million people are shopping on his sites every day.Prime Minister Stephen Harper talks with Alibaba Group executive chairman Jack Ma during his visit to Alibaba's headquarters in Hangzhou on Friday. (Associated Press)Ma's North American invasion is already in full flight. The Canada Goose Hybridge Lite Jacket Nz company has just sold its first shares in New York, raising a cool $25 billion."We can help Canadian small businesses to sell their products to China," he informed Harper at their meeting. Canadian companies are already cropping up on Alibaba, peddling everything from maple syrup to clothing.Roots Canada sells sweats on the site. The popular clothing company's foray on Alibaba is "a preliminary test to help determine whether we decide to develop this further," states spokesman Robert Sarner.