Orders for Alibaba's international sites surged 98% in the first half

On July 23, Alibaba International announced that in the first half of 2020, the platform's paid-in transaction volume increased by 80% year-on-year (in DOLLAR terms), the number of orders increased by 98% year-on-year, and the number of paid buyers increased by 60% year-on-year.

According to the latest data from the General Administration of Customs, China's cross-border e-commerce exports grew 28.7 percent in the first half of this year, far faster than the overall growth rate of foreign trade. Among them, as the world's largest B2B cross-border e-commerce platform, The growth rate of Alibaba International Site is nearly three times that of the industry level.

"The transformation of new digital foreign trade has become a necessary option and irreversible trend of global trade." Paid-in transactions on Alibaba International, a cross-border B2B e-commerce platform, rose 126 percent in June from a year earlier, with triple-digit growth since July, said Zhang Kuo, general manager of alibaba International.

The stable European and American markets and the fast emerging markets have become the incremental sources of new foreign trade exports that continue to grow against the trend.

In the first half of this year, 70 countries and regions with a year-on-year growth rate of more than 100% in the turnover of B2B cross-border e-commerce platform Alibaba International Website reached 70. The United States, the European Union and ASEAN are the three major markets for cross-border e-commerce exports. The United States, the United Kingdom and Germany were the top three countries in terms of trading volume respectively. The growth rate of the United States was 91% and that of the European Union as a whole was 88%.

"This phenomenon does not conflict with asean becoming China's largest trading partner." Zhang explained that the development of cross-border e-commerce depends on the digital foundation of both sides of the trade, while developed countries have higher digital penetration in infrastructure such as logistics and payment.

Emerging markets are growing at a phenomenal rate. Six of the 10 ASEAN countries are in the top 30, with Thailand in eighth place and Laos, Cambodia and Myanmar growing fastest. Some African countries' trade volume has begun to take shape and is growing rapidly, with Ethiopia more than tripling and Togo more than tripling.

The performance of the industry reflects the three stages of overseas demand under the epidemic situation: epidemic prevention - housing economy - resumption of work and production. In the first half of the year, alibaba's 36 primary industries on its international platform achieved positive growth. The top 10 industries were machinery, home gardening, consumer electronics, cosmetics and personal care, packaging and printing, sports and entertainment, health care, clothing, safety protection and building materials.

"As China is the first country to fully fight the epidemic and get back to work and production, we are well aware of the demand trend in overseas markets." Zhang Kuo introduced that the platform helps foreign trade enterprises to make layout in advance and obtain overseas orders in a targeted way through industry trend reports and intelligent guidance of big data.

Online exhibitions play an important role in pulling. This year, alibaba International, a cross-border B2B e-commerce platform, will hold 20 online exhibitions. The home health Exhibition in May and The Alibaba.com Trade Fair in June have concluded, and an industrial exhibition will be launched at the end of July. New digital tools, such as cross-border B-type live broadcast, audio and video negotiation, 3D exhibition and factory visiting, are being widely used.

A stable and reliable cross-border supply chain ensures the delivery of overseas orders.

In the first half of this year, the number of orders for cross-border logistics at Alibaba International Station, a B2B cross-border e-commerce platform, increased by 113% year on year, the number of orders for smart customs systems increased by 1448%, and the volume of foreign exchange receipts increased by 87%.

In recent years, Alibaba International Station, a B2B cross-border e-commerce platform, has built a full-link digital cross-border supply chain system of global payment and settlement finance, digital customs, digital intelligent logistics, etc., providing one-stop intelligent solutions. Since the outbreak of coVID-19, Alibaba International has been the first to promise to "guarantee price and space", and held the first cross-border supply chain service promotion.

"We need to ensure that cross-border logistics and capital flows are unimpeded, but we also need to do everything possible to help smes reduce costs." Zhang Kuo said. On July 17, The "Spring Thunder Plan" of Alibaba International station was further added, and a special subsidy of 1 billion yuan was set up to provide a six-month transformation escort for traditional foreign trade enterprises that only obtained customers through exhibitions in the past.