More than 68 million global active trading enterprises will launch digital trading system

On September 28, Alibaba held its annual Global Investors Conference 2020. After four years, the foreign trade business of Alibaba, which was founded in 1999, once again appeared at the Alibaba Investors Conference as a new role of "Alibaba digital trade".

After four years of development, Alibaba will launch a digital trading system that will open up more than a trillion online markets for small and medium-sized businesses around the world, Said Kim Kardashian, President of Alibaba's B2B business group, at the conference.

The export trading platforms Alibaba International Station and domestic trading platform 1688, which started in 1999, are the earliest businesses of Alibaba, and they are still growing rapidly 21 years later: in June this year, the daily number of buyers on the two platforms increased by 100% and 50% respectively compared with the same period last year. In March this year, Alibaba launched a special version of C2M retail platform On Taobao for industrial belt factories, forming a unique "factory shop" model to direct consumers. As of August, MAU (monthly active users) had exceeded 55 million.

The strong new growth momentum comes from Alibaba's insistence on "making the world a business that is not difficult to do", and alibaba's B2B always represents the value of small and medium-sized enterprises, which comes from the new infrastructure of digital trade after four years of precipitation.

Future-oriented "ali digital trade", will always be based on alibaba business operating system, based on 1688 and alibaba international trade platform stood the two large-scale business data of precipitation, and + big data and cloud computing technology, financial services, logistics and supply chain management, marketing system, the combination of complete digital form to help the global small and medium-sized enterprises to upgrade the core of the basic abilities. On this basis, the cost-effective "source products" discovered by the two platforms in the industrial belt will be directly supplied to the domestic and foreign c-terminal commercial platform sellers through the shortest link and reach the final consumers through them.

Based on the new infrastructure of digital trade, 1688 stratified factories and purchasers through big data to achieve accurate order matching. Supply chain financial services and local industrial services help millions of factories to connect with online and offline scenes such as e-commerce businesses, live streaming agencies, social e-commerce companies, retail stores and night markets, thus solving the problem of factories' lack of sales and buyers' lack of quality supply.

Export trade is more complicated. Aiming at the core pain point of trade link, Alibaba International Website innovatively designed the guaranteed transaction and multi-currency payment and settlement of "Type B Alipay" to solve the trust and security problems of cross-border trade. Customs clearance, payment, foreign exchange settlement, logistics, finance and taxation are "packaged" into one-stop performance services, almost turning exports into domestic trade.

For platform-based businesses, the higher the multiple of buyers versus sellers, the stronger the health and vitality of the platform will be. In 1688 and Alibaba International, the number reached about 45 times and about 140 times respectively. The number of buyers far exceeded the number of sellers, which fully reflected the prosperity of Alibaba's trade ecology. In addition, what makes the industry concerned is that, while GMV and revenue continue to rise, the membership fee ratio of the trading platform users is falling. Industry analysts see this as a sign that Alibaba is offering a more diversified service to small and medium-sized enterprises around the world.

Dai said that more investment should be made to help SMES upgrade digitally and provide more diversified services. She attaches more importance to the depth and breadth of services provided by digital trade to smes.

Up to now, There are 68 million active smes on Alibaba's trading platform, with trading scenes covering more than 200 countries and regions. Alibaba's digital trading system will continue to empower smes from technology, finance, logistics and other scenarios to solve the core pain points on the trade link.

It is worth mentioning that the C2M mode to build taobao special edition, open the belt factory face to face with retail new pathways, in September, based on digital trade scenarios and 1688 comprehensive get through, will directly bring 10 billion new orders for belt business, help achieve $1000 factory output, build 10 billions of digital industry cluster.

"We firmly believe that the digital reconstruction of new trade is the inevitable trend of future global trade." According to Kardashian, Alibaba will continue to increase investment to address the pain points of the trade link and make it easier for small and medium enterprises to do business.

Previously, Fortune magazine published the list of "Companies that Will Change the World in 2020". Alibaba's flexibility in global infrastructure during the epidemic, including the help provided by its platform represented by Alibaba International Site for small and medium-sized enterprises around the world, enabled Alibaba to be listed for the sixth time and ranked second for