The First Alibaba Online Trade Fair Opens To Help Foreign Trade Enterprises Solve "Orders"

Xinhua News Agency, Hangzhou, June 9 (Reporter Yin Xiaosheng, Zhang Xuan) On the afternoon of the 8th, the first Alibaba Internet Trade Fair held by Alibaba International Station officially kicked off. Workers from major factories in China have turned on live broadcasting equipment to sell goods live to wholesalers from all over the world at the other end of the screen.

According to the sponsor, this is the largest online exhibition in the field of cross-border trade in the world this year. From June 8 to 28, more than 10 million wholesalers from all over the world will attend the exhibition.

6000 cross-border B2B live broadcasts will be held at Alibaba NetFair. The fair also launched a series of free and preferential cross-border trade service products, covering all aspects of e-commerce export, which is expected to help merchants save up to 60% of the performance costs.

Alibaba International Station said that the company has connected 100 characteristic industrial belts in China and 150 million overseas purchasers. This year, it will launch 20 online exhibitions to help foreign trade enterprises overcome difficulties and achieve digital transformation. It will solve the "order shortage" by matching supply and demand with big data, and solve the "performance difficulty" with a comprehensive and stable cross-border supply chain.

According to the data of Alibaba's online exhibition held from May 11 to 24, business inquiries increased by 303% year on year, the number of intended orders increased by 473% year on year, the number of paid orders increased by 179% year on year, and the total amount of transactions received increased by 109% year on year.