Alibaba.com launches an initiative to empower MSMEs globally with enhanced AI tools, aiming to boost trade opportunities and expand its supplier network, supporting over 30,000 businesses ahead of MSME Day 2024.
29 June 2024 – Alibaba.com, a leading B2B e-commerce platform under the Alibaba International Digital Commerce Group, has launched a new initiative in honor of MSME Day aimed at bolstering global trade opportunities and diversifying its supplier network. In preparation for MSME Day 2024, the platform announced that over 30,000 businesses have already adopted its advanced AI tools, marking a significant stride towards enhancing efficiency and expanding market reach for micro, small, and medium-sized enterprises worldwide.
In a statement, Alibaba.com President Kuo Zhang highlighted the platform’s commitment to inclusivity, noting that nearly half of the top 20 countries utilizing its AI tools are from developing nations. This underscores Alibaba.com’s pivotal role in supporting sustainable economic growth and empowering MSMEs through technological innovation.
The platform’s strategic plans include expanding its global supplier base to 100,000 within the next three years, fostering a robust and inclusive global supply chain driven by AI technology. Alibaba.com aims to onboard 100 MSMEs from Africa this year and will host 300 events and seminars in developing nations, providing crucial support for business growth and innovation.
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