This is a blog about the world’s largest B2B online marketplace Alibaba, that is the part of the Chinese holding company Alibaba Group. I am sure you heard about Alibaba and maybe some of you even tried it out. It is a trading platform for buyers and suppliers to exchange variety of products and possibly complete a transaction directly between each other.
As a wholesaler, Alibaba offers both small items in large quantities and large items in small quantities.
Alibaba is offering discounts for buying in bulk. Most of Alibaba’s manufacturers make consumer products. Customers can find individual products for sale (usually higher-priced items), but the majority of offerings are cheaper bulk items.
In 2019 this Chinese e-commerce behemoth Alibaba invested 23.3 billion yuan ($3.3 billion) in logistics affiliate Cainiao in a move to strengthen its logistics operations, according to the South China Morning Post.
Alibaba’s latest investment brings its stake from 51% to 63%. Alibaba’s investment will probably be used to develop new technologies and services in an effort to improve its existing smart logistics network, which already includes warehouse robotics, drones, high-speed scanners, and self-driving vehicles.
Alibaba found the logistics affiliate Cainiao since 2013 and in 2017 spent $807 million to acquire majority control of it. Alibaba’s decision to take further control of Cainiao is part of a growing trend of e-commerce giants bringing logistics operations in-house to bolster their services.
You may check more information about Alibaba in general and some information about the response time, pricing policies, shipping standards and the money back guarantee at my video that you may also find on this blog.