Alibaba International Digital Commerce Group

Alibaba bets on generative AI tools to help cross-border merchants, executive says

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Alibaba bets on generative AI tools to help cross-border merchants, executive says

Speaking on stage at the Reuters Next Conference in Singapore, Zhang – head of Alibaba International Digital Commerce’s AI initiative – said he was bullish on the technology’s potential for the company, even in the face of increasing tensions between China and the United States. “China is pretty much on par with the US in … Read more

Alibaba’s B2B e-commerce platform eyes 20% growth in 2024, shrugs off rising competition

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Alibaba’s B2B e-commerce platform eyes 20% growth in 2024, shrugs off rising competition

Alibaba.com, a business-to-business (B2B) cross-border e-commerce platform owned by Alibaba Group Holding, is projecting US$60 billion in gross merchandise value (GMV) for 2024, which would be a 20 per cent increase over the US$50 billion last year, the platform’s president Zhang Kuo said. The sourcing platform’s turnover growth slowed after a sevenfold increase in GMV … Read more