Alibaba Group Holding Limited (NYSE:BABA) projects $60 billion in GMV for its B2B platform Alibaba.com in 2024, marking a 20% increase from last year’s $50 billion. President Zhang Kuo explained that growth slowed after a sevenfold increase over five years and emphasized the need for new business model breakthroughs, SCMP reports from an interview. Established in 1999 to connect overseas buyers with Chinese manufacturers, Alibaba.com now links Chinese suppliers with global businesses, contributi
Alibaba.com, a leading platform for global business-to-business (B2B) e-commerce and a business unit of Alibaba International Digital Commerce Group, announced an exciting collaboration with UEFA EURO 2024™, becoming the official B2B E-commerce Partner of UEFA EURO 2024™ in the U.S. and China. This exclusive partnership sits within the existing agreement that B2C e-commerce platform AliExpress has with UEFA EURO 2024™. It is set to create a variety of opportunities for small and medium-sized ent
Alibaba Group Holding is pushing CEOs to live-stream on its domestic e-commerce platform Taobao, as the tech giant ramps up efforts to win back consumers from rising rival Pinduoduo and other budget-focused platforms during China's midyear shopping festival. Taobao launched a new live-streaming service on Wednesday that features business executives looking to promote their companies through a format that has become a staple of online shopping in China. Taobao Live is providing CEOs with a "one-s