At Extreme Investor Network, we are always on the lookout for the latest developments in the finance and investment world. Today, we are excited to share some insider information about Alibaba.com, the global e-commerce giant that is making waves with its new services aimed at small businesses in the U.S. and Europe.
Alibaba.com, a platform operated by the Chinese e-commerce company Alibaba, is focused on serving overseas business customers. The company recently announced the launch of “Alibaba Guaranteed,” a service designed to provide greater certainty on delivery, payments, and dispute settlement for small businesses outside of China. This move is part of Alibaba’s efforts to expand its international business, which also includes consumer-facing platforms like AliExpress.
According to Kuo Zhang, president of Alibaba.com, the new service is in line with current global trends. He noted the increasing fragmentation of supply chains and the growing need for local businesses to buy globally in order to protect their profit margins. The platform aims to provide buyers with more definite delivery dates and free local returns, addressing the complexities of cross-border e-commerce.
In addition to its new service, Alibaba.com has seen significant growth in the past five years, with the number of buyers tripling and online gross merchandise value reaching around $50 billion. The platform primarily sells products from China-based suppliers to small businesses in Europe, the U.S., and other parts of the world.
Demand for equipment on Alibaba.com has been on the rise, with popular products including machines for custom printing T-shirts, laser cutting, and car parts for the new energy vehicle industry. The platform has also seen increased interest in sports products from customers in Europe.
In a strategic move, Alibaba.com recently invested in German business-to-business company Visable and its European marketplace euro pages. The platform aims to help the region accelerate its digitalization by incorporating artificial intelligence tools that will allow merchants to generate product descriptions with search keywords and provide customer service support using AI.
With Alibaba.com’s continued focus on innovation and expansion, it’s clear that the platform is set to become a major player in the global e-commerce market. Stay tuned for more updates on this exciting development from Extreme Investor Network.