Reported about 1 month ago
Facing geopolitical challenges and a slowing Chinese economy, Alibaba is shifting its focus to attract more international business buyers and diversify its supplier base beyond China. The company introduced an AI-driven sourcing agent to simplify global trade and partnered with Mastercard to enhance transaction capabilities. With its international trade sector showing promising growth, Alibaba aims to expand its footprint in a $20 trillion global trade market while navigating potential tariffs on Chinese imports.
Source: YAHOO