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It is one of the top 10 most valuable corporations, [9] and is named the 31st-largest public company in the world on the Forbes Global 2000 2020 list. [10] In January 2018, Alibaba became the second Asian company to break the US$500 billion valuation mark, after its competitor Tencent . [ 11 ]
Until the issuing of Clothing Coupon books for 1942-43, consumers were to surrender unused margarine coupons from their food ration coupon book when buying clothing. [44] Initially people were allocated 66 points for clothing per year; in 1942, this was cut to 48, in 1943 to 36, and in 1945–1946 to 24.
The economist Alex Tabarrok has argued, that the success of this promotion lies in the fact that consumers value the first unit significantly more than the second one. So compared to a seemingly equivalent "Half price off" promotion, they may only buy one item at half price, because the value they attach to the second unit is lower than even the discounted price.
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