E-commerce platform Alibaba.com is increasingly looking to small and medium-size businesses outside of its home market to spur growth as the company...
For Alibaba .com — the e-commerce giant's international business-to-business arm — that means attracting more global small and medium-size business buyers to the platform and expanding its supplier base outside of China .
Alibaba.com, a division of AIDC, connects global business buyers to suppliers largely based in China. The US remains one of its biggest markets, accounting for 30% to 40% of all gross merchandise volume, according to Zhang, though the platform is expanding its international footprint rapidly. The AI sourcing agent aims to do that by allowing buyers to connect with one of its 200,000 global suppliers using conversational language. The search tool provides real-time translation in addition to the details of each supplier and their prices backed by more than a billion product listings already on the platform.A staff member delivers goods at an e-commerce warehouse in East China's Jiangsu province, on June 16, 2023.
Zhang singled out the southern port city of Guangzhou as an example of that growth, highlighting a 30% to 40% increase in Alibaba suppliers compared to last year. He said products sold ranged from consumer goods to industrial machines.
Global Trade Medium-Size Businesses China Kuo Zhang Global Suppliers East China International Digital Commerce Group Global Business Buyers
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