The platform's premier B2B e-commerce event
marks the launch of its first co-branded credit card,
upgraded financial and logistics solutions for
U.S. businesses
LAS
VEGAS, Sept. 5, 2024 /PRNewswire/ --
Alibaba.com, a leading platform for global business-to-business
(B2B) e-commerce and a business unit of Alibaba International
Digital Commerce Group, today announced its new artificial
intelligence (AI)-powered sourcing agent, along with new financial
and logistics solutions, at its second annual CoCreate
conference, which kicks off in Las
Vegas today. These solutions will help small and
medium-sized enterprises (SMEs) increase sourcing efficiency and
more easily navigate cross-border trade.
AI-powered sourcing agent simplifies global trade
Alibaba.com's new AI Sourcing Agent is set to deliver solutions
to simplify the complex B2B sourcing process by providing more
accurate search results for global supplier and product searches.
It will also help new businesses and entrepreneurs get started
quickly, better understand the global sourcing landscape, as well
as find the right supplier more easily.
Key functions of this AI-powered sourcing agent include:
- Conversational search: SMEs will be able to use natural
language queries in their searches on Alibaba.com.
- Proactive sourcing-need interpretations and
recommendations: SMEs will have the ability to use the
agent's suggestions for decision making in real time. They can be
confident in these recommendations as they are backed by over a
billion product listings hosted on Alibaba.com and the platform's
25 years of B2B industry knowledge.
- Intelligent comparison: The AI tool will provide
comparisons with details on each supplier and their quotations, so
SMEs can make an informed decision.
"Solutions like our AI Sourcing Agent are paramount as we
continue building a global network of diversified suppliers and
making global sourcing simpler," said Kuo
Zhang, President at Alibaba.com. "We're always pushing to
help level the playing field for SMEs, giving them greater access
to suppliers and products, as well as industry insights that will
further their business goals. With the help of AI, we are able to
do just that on an even greater scale."
SMEs win with new financial and
logistics solutions
To further support SME buyers, Alibaba.com has launched a
variety of financial solutions to help them fulfil their souring
needs and logistics solutions to provide additional confidence
in supply chains.
- Alibaba.com Business Edge Credit Card: Co-branded
with Mastercard and powered by Cardless, offering consumers an
option of either 3% cashback or 60-day interest free payment
terms, subject to a total spend limit of up to $40,000 per year[1]. After that,
cardholders will continue to earn 1% cashback on purchases made on
the platform.
- Buy-Now-Pay-Later program: Allowing entrepreneurs
to split payments into three or four installments over six
weeks using Afterpay, PayPal or Klarna.
SMEs have also encountered recent operational
challenges due to supply chain disruptions. To combat these
hurdles, Alibaba.com Logistics is launching a number of
solutions at this year's CoCreate to help simplify and
enhance the logistics experience for U.S. SMEs:
- Delivery Speed and Efficiency: Collaborating closely
with leading global carriers and integrating multiple logistics
segments to optimize fulfillment and delivery performance.
- Competitive Shipping Solutions: Providing flexible
shipping options that cater to budget constraints while optimizing
logistics efficiency, such as consolidating small packages to lower
shipping costs and comparing shipping prices to mitigate cost
volatility risks for large and bulky items.
- Convenience of Service: Offering comprehensive online
customer support throughout the entire process, from initial
pricing inquiries to final delivery, with real-time tracking
available.
In addition to these new AI, financial and logistics solutions,
Alibaba.com's CoCreate conference, occurring September 5-6, 2024 in Las Vegas includes interactive learning
opportunities for entrepreneurs and sourcing pros, in-depth product
vertical master classes and insights from leading industry and
celebrity experts in more than 20 sessions. The event attracts more
than 1,900 SME attendees this year.
For more information on CoCreate, please visit
alibabacocreate.com. For details on the Alibaba.com Business Edge
Credit Card, please visit
https://air.alibaba.com/app/sc-assets/checkout-lp/pages_cardless_lp.html.
To schedule a press interview, please contact Mike Hong by mike.hong@alibaba-inc.com.
About Alibaba.com
Launched in 1999, Alibaba.com is a leading platform for global
business-to-business (B2B) e-commerce that serves buyers and
suppliers from over 200 countries and regions around the world. It
is engaged in services covering all aspects of commerce, including
providing businesses with tools that help them reach a global
audience for their products and helping buyers discover products,
find suppliers and place orders online fast and efficiently.
Alibaba.com is part of Alibaba International Digital Commerce
Group.
|
[1] Terms
and conditions apply, offers are subject to credit approval. Cards
are issued by First Electronic Bank and powered by
Cardless.
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SOURCE Alibaba.com
