Abstract: last week, the Alibaba with the $56 million purchase of more shares America maternal electricity supplier website, so that the Alibaba in the Zulily shares reached 9%, becoming the largest single shareholder in the company.
Alibaba with the $56 million purchase of more shares America maternal electricity supplier website, so that the Alibaba in the Zulily shares reached 9%, becoming the largest single shareholder in the company.
for many people, Zulily is a very strange name, even in the United States, this is not a well-known company. But it survived Amazon’s dominance of all American electricity providers and was successfully listed on 2013. But since last year, the company has also been questioned, the stock price fell four points three higher than the highest.
in February, Zulily announced an annual revenue breakthrough of $1 billion in the last fiscal year. This makes it the United States following Amazon and Old Navy, the two electricity supplier companies, the third in such a short period of 1 billion dollars in annual turnover of electricity supplier companies. Meanwhile, Fast Company, a US business magazine, made a feature report on Zulily, titled "the $one billion electricity supplier you don’t know."".
below is the PingWest product, playing ten major facts about Zulily according to this report.
1, Zulily was founded in 2009 and is headquartered in Seattle, USA (which is also the headquarters of Amazon). The main business of baby products, and the use of flash purchase mode, all goods purchase time only 3 days, the prices of commodities than traditional retail price 50%. Zulily updates about 9000 items daily.
2, Zulily two and Mark Cavens co-founder Darrell Vadon who are colleagues, work in a company called Blue Nile company, the company later became more than Tiffany a year in the United States the largest sales company wedding ring. Mark Vadon was the founder and CEO of the company, and Cavens joined the company and soon moved to CTO.
3, flash purchase mode advantage is that Zulily has no inventory, the user orders, Zulily orders will be sent directly to suppliers, suppliers direct delivery. But also because of this delivery methods, resulting in Zulily delivery process is slow, most users need to wait 2-3 weeks to receive the product. That’s where users complain most about Zulily.
4, although users complain that the receiving process is lengthy, but Zulily has 80>