Alibaba.com: AI Powers B2B Foreign Trade, Driving Digital Transformation for Global SMEs

Alibaba.com: AI Powers B2B Foreign Trade, Driving Digital Transformation for Global SMEs The digital wave of global trade is sweeping the world, and B2B foreign trade, as a vital part of global trade, is entering a crucial period of digital transformation

Alibaba.com: AI Powers B2B Foreign Trade, Driving Digital Transformation for Global SMEs

The digital wave of global trade is sweeping the world, and B2B foreign trade, as a vital part of global trade, is entering a crucial period of digital transformation. Alibaba.com, as a leading global B2B digital platform, is actively leveraging artificial intelligence technology and deeply integrating supply chains to provide global SMEs with more convenient and efficient trade services, driving the digitization of global trade.

Alibaba.com: Leading the Digital Transformation of B2B Foreign Trade

Zhang Kuo, president of Alibaba.com, shared the platform's strategy and achievements in assisting global SMEs with their digital transformation at the recent Greenwich Forum. He pointed out that the vast majority of export revenue in global trade is conducted through B2B channels. Alibaba.com, as the largest digital platform in this field, achieved GMV of $50 billion in the past year, and the overall export scale of SMEs served by the platform reached $400 billion.

AI Empowers Foreign Trade, Unleashing Unlimited Potential

Despite the vast B2B foreign trade market, the penetration rate of digitalization remains in the single digits, highlighting the immense potential for growth. Alibaba.com is using AI technology as its core driving force to accelerate the digitalization of foreign trade, creating new opportunities for global SMEs.

Zhang Kuo stated that Alibaba.com is rapidly adopting generative AI technology and deeply integrating supply chains to transform foreign trade transaction experiences. These initiatives have made trade interactions between global SMEs more convenient, driving rapid growth in digital trade. Over the past five years, Alibaba.com's average annual growth rate has reached 22%.

AI Foreign Trade Tools: Enhancing Efficiency and Reducing Costs

To help SMEs quickly adapt to digital transformation, Alibaba.com has introduced AI foreign trade tools, providing comprehensive support for SMEs. For example, with the AI business assistant, SMEs can reduce the time it takes to publish products by 50%, doubling efficiency. Additionally, AI technology can generate a large number of video and image materials with a single click, and optimize product descriptions to better meet the needs of overseas markets, thereby increasing product exposure by 37%.

Zhang Kuo compared Alibaba.com's AI foreign trade tools to "intelligent driving," helping SMEs "explore" overseas markets and achieve more efficient operations. Currently, this suite of AI foreign trade tools has optimized millions of products and is used by 20,000 SMEs, making Alibaba.com one of the few companies that truly use AI to solve real-world industry problems.

AI Powers "Creative Engine," Revitalizing Foreign Trade

The application of AI technology not only enhances efficiency but also ignites unlimited creativity in foreign trade. Zhang Kuo highlighted that in the past, foreign trade platforms were primarily procurement engines, but AI will transform them into "creative engines."

The next generation of AI foreign trade products to be released by Alibaba.com will empower SMEs to use images, videos, text, and other materials to quickly "generate" their dream creative products and more accurately match suitable suppliers. This innovation will help SMEs create more innovative products, leading to greater business opportunities and injecting new vitality into global trade.

Semi-Managed Services, Delivering Hassle-Free Trading Experiences

Beyond technological advancements, Alibaba.com is delving into supply chains to transform foreign trade transaction experiences, providing more comprehensive services for SMEs. Earlier this year, Alibaba.com launched a semi-managed model, allowing sellers to focus on their products while managing logistics and after-sales aspects, which are typically the most complex, through the platform under the premise of self-operation and self-pricing.

Zhang Kuo expects that the upgrade of semi-managed services will attract a large number of spot wholesale buyers who have a strong demand for certainty, bringing a massive incremental market of $1 trillion to Alibaba.com.

Globalization Strategy, Building a "Global Sell Global" Digital Trade Network

To build a "global sell global" B2B digital trade network, Alibaba.com is actively accelerating its global expansion. Currently, Alibaba.com serves 48 million SMEs in over 190 countries and regions, and its global influence and recognition are rapidly growing.

AI technology and supply chain integration are crucial forces driving the digital transformation of B2B foreign trade. Alibaba.com, as a leading digital platform for B2B foreign trade, is actively leveraging AI technology to develop more convenient and efficient trade services, creating new opportunities for global SMEs and driving the digitalization of global trade. With the continuous development and application of AI technology, the future of B2B foreign trade will be even more vibrant, contributing more to global economic development.

Disclaimer: The content of this article is sourced from the internet. The copyright of the text, images, and other materials belongs to the original author. The platform reprints the materials for the purpose of conveying more information. The content of the article is for reference and learning only, and should not be used for commercial purposes. If it infringes on your legitimate rights and interests, please contact us promptly and we will handle it as soon as possible! We respect copyright and are committed to protecting it. Thank you for sharing.(Email:[email protected])