• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    MSME Day 2024: Alibaba.com Commits to Scaling AI Tools for MSMEs

    6/27/24 7:00:00 AM ET
    $BABA
    Business Services
    Consumer Discretionary
    Get the next $BABA alert in real time by email

    Strategic plans for a diverse supplier network and enhanced trade opportunities unveiled

    GENEVA, June 27, 2024 /PRNewswire/ -- Alibaba.com, a leading platform for global business-to-business (B2B) e-commerce and a unit of Alibaba International Digital Commerce Group, today honored businesses in their pursuit of success and global growth ahead of Micro-, Small and Medium-Sized Enterprise (MSME) Day on June 27. Reaffirming its dedication to supporting MSMEs, Alibaba.com said it has been rolling out artificial intelligence (AI) tools for global suppliers, which have so far attracted adoption by around 30,000 businesses on its platform.

    Kuo Zhang (left), President of Alibaba.com, stresses the importance of including MSMEs from underdeveloped countries in the AI era, in a session moderated by James Howe (right), Head of Digital Connectivity at ITC, held in celebration of MSME Day.

    This year's MSME Day marks the seventh anniversary of the United Nations' designation to recognize the vital role played by MSMEs in achieving the UN Sustainable Development Goals and the contributions of MSMEs to the global economy. On this meaningful occasion, Kuo Zhang, President of Alibaba.com, participated in a panel discussion on the topic of global trade during the World Trade Organization's (WTO) bi-annual Global Review of Aid for Trade. Together with four MSMEs from Ethiopia, Vietnam, Italy and India, Zhang also joined a session held by the United Nations International Trade Centre (ITC) to celebrate MSME Day.

    Emphasizing the importance of ensuring that no MSMEs in underdeveloped countries are left behind in the era of AI, Zhang mentioned that among the top 20 countries making the most frequent use of Alibaba.com's AI tools, approximately 10 are developing countries.

    "As a member of the private sector, we are honored to have worked alongside international agencies such as ITC and supported MSMEs worldwide over the past 25 years," said Zhang. "As we promote wider adoption of our AI tools amongst MSMEs, we also hope to expand our global supplier base to cover 100,000 suppliers in the next three years. In a nutshell, we are building a global supply chain by and for MSMEs leveraging AI."

    MSMEs Embrace the Power of AI

    A recent survey conducted by Alibaba.com of MSMEs that utilize its platform showed that they are regularly seeking out innovative solutions and offerings like AI. In fact, 25%-30% of the MSMEs surveyed use AI on a daily basis.

    On Alibaba.com alone, approximately 30,000 MSMEs globally are using the platform's AI tools. As a result of leveraging these tools, the companies surveyed saw a 37% increase in product exposure, creating greater opportunity for new business deals and growth. Additionally, those MSMEs surveyed that are already utilizing Alibaba.com's AI tools are furthering their businesses through AI's expertise, as they have collectively accepted 70% of the optimization suggestions from the tools.

    "Using AI has helped put my Alibaba.com store on autopilot and saved us a lot of time since it's just me and one employee managing our business," said Sieu To, Deputy Managing Director of Hanh Sanh Co., Ltd, a Vietnam-based electric fan company. "For many business owners who are new to e-commerce, I think AI tools will draw them closer to the platform."

    MSMEs Have Growing Access to Global Suppliers

    In addition to a growing suite of innovative solutions to support their businesses, MSMEs on Alibaba.com can diversify their product sources by connecting with suppliers with specific industry and product focuses. These key global digital supply chain clusters include the following:

    • In Northeast Asia, buyers can connect with natural ingredient skin care suppliers out of Korea and partner with home furniture and camera, photo and accessory manufacturers in Japan.
    • In Southeast Asia, Vietnam is the supplier hub for seasoning and condiments, as well as home and outdoor furniture. Buyers can also seek out expert suppliers in India and Pakistan for loose gemstones and horse racing gear.
    • In West Asia and Europe, carpets, men's clothing and construction and building machinery suppliers can be found in Türkiye. Buyers are able to tap into suppliers in Germany for industrial machinery and suppliers of wine, textile machinery and women's apparel from Italy.

    "As one of the first Italian businesses on Alibaba.com's platform, I have always had faith in our quality Italian supplements products. Alibaba.com has helped me expand my business beyond Europe into markets like China, Vietnam, Bangladesh and Ghana," said Maria Francesca Aceti, CEO of Deltha Pharma.

    Alibaba.com Expands Supplier Support in Developing Countries

    As Alibaba.com seeks to expand its supplier base, it is stepping up its efforts to onboard suppliers in developing countries. Of note, Alibaba.com is setting out to help 100 MSMEs across Africa establish a presence on its platform to sell their products globally. Additionally, of the 500 events and seminars Alibaba.com is rolling out this fiscal year (April 2024 to March 2025) for global suppliers, about 300 are set to be held in developing nations.

    "Starting with brick-and-mortar and transitioning to e-commerce has been a strategic journey for my business," said Dagmawit Abebe, owner of Ethiopian coffee brand Kedemt Coffee. "Leveraging e-commerce platforms like Alibaba.com has been crucial in overcoming local market challenges and expanding our reach."

    Alibaba.com connects more global MSMEs now than ever before, serving more than 48 million buyers and more than 200,000 suppliers on its platform worldwide. Alibaba.com will continue to place MSMEs at the forefront through innovation and new solutions focused on simplifying global sourcing and selling.

    About the Survey:

    In May 2024, Alibaba.com conducted a survey of 500 businesses on Alibaba.com across the globe. These businesses ranged in size from one employee to those with 250 or more. 

    For more information on Alibaba.com and the report, please visit:

    https://seller.alibaba.com/playbooks/2024-msme-day-report-px002b6lu?categoryid=1239008

    About Alibaba.com

    Launched in 1999 as Alibaba Group's first business, 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.

    Media Contact

    Lingnan Cui

    Alibaba International

    [email protected]

    Alibaba.com logo (PRNewsfoto/Alibaba.com)

    Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/msme-day-2024-alibabacom-commits-to-scaling-ai-tools-for-msmes-302184310.html

    SOURCE Alibaba.com

    Get the next $BABA alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $BABA

    DatePrice TargetRatingAnalyst
    2/26/2025Mkt Perform → Outperform
    Bernstein
    2/25/2025Mkt Perform → Outperform
    Bernstein
    2/24/2025$100.00 → $180.00Equal-Weight → Overweight
    Morgan Stanley
    10/7/2024$145.00Neutral → Outperform
    Macquarie
    2/8/2024$88.50 → $85.40Outperform → Neutral
    Macquarie
    1/17/2024$120.00 → $100.00Buy
    Mizuho
    12/1/2023$110.00 → $90.00Overweight → Equal-Weight
    Morgan Stanley
    11/1/2023Buy
    UBS
    More analyst ratings

    $BABA
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Alibaba Group Will Announce March Quarter 2025 and Full Fiscal Year 2025 Results on May 15, 2025

      Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), "Alibaba" or "Alibaba Group") today announced that it will report its unaudited financial results for the quarter and fiscal year ended March 31, 2025 before the U.S. market opens on Thursday, May 15, 2025, and will hold a conference call to discuss the financial results at 7:30 a.m. U.S. Eastern Time (7:30 p.m. Hong Kong Time) the same day. All participants must pre-register to join this conference call using the Participant Registration link below: English: https://s1.c-conf.com/diamondpass/10046682-j7a0c5.html Chinese: https://s1.c-conf.com/diamondpass/10046685-k9a6cf.html Upon registration

      4/30/25 5:00:00 AM ET
      $BABA
      Business Services
      Consumer Discretionary
    • Alibaba.com Records Double-Digit Order Growth in the USA During March Expo

      March Expo, Alibaba.com's flagship sourcing event, saw US SME buyers leverage AI and digital sourcing to build new supplier partnerships and unlock growth opportunities  NEW YORK, March 31, 2025 /PRNewswire/ -- Alibaba.com, a leading platform for global business-to-business (B2B) e-commerce, has recorded a 27% year-on-year increase* in the number of orders placed by US SME buyers during this year's March Expo. March Expo is Alibaba.com's flagship sourcing event. It connects millions of buyers with millions of suppliers from around the world, helping them discover the latest pr

      3/31/25 4:00:00 AM ET
      $BABA
      Business Services
      Consumer Discretionary
    • AliExpress Announces New Offerings for U.S. Sellers, Affording Greater Flexibility and Seamless Platform Integration

      AliExpressLocal Marketplace program offers a new self-serve option for sellers looking for greater channel controlNew AliExpress Open API and Third-Party Software Vendor (ISV) enable direct integration for automated product listings and real-time inventory controlUpcoming event in Los Angeles on April 3 will highlight how sellers can best leverage AliExpressLOS ANGELES, March 17, 2025 /PRNewswire/ -- AliExpress, an international online retail marketplace, today announced an expansion to its AliExpressLocal program, introducing the new AliExpressLocal Marketplace model as well as advanced integration tools. Designed to enhance flexibility and operational ease for local sellers, the new offeri

      3/17/25 1:00:00 PM ET
      $BABA
      Business Services
      Consumer Discretionary

    $BABA
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Alibaba upgraded by Bernstein

      Bernstein upgraded Alibaba from Mkt Perform to Outperform

      2/26/25 8:08:10 AM ET
      $BABA
      Business Services
      Consumer Discretionary
    • Alibaba upgraded by Bernstein

      Bernstein upgraded Alibaba from Mkt Perform to Outperform

      2/25/25 3:41:21 PM ET
      $BABA
      Business Services
      Consumer Discretionary
    • Alibaba upgraded by Morgan Stanley with a new price target

      Morgan Stanley upgraded Alibaba from Equal-Weight to Overweight and set a new price target of $180.00 from $100.00 previously

      2/24/25 7:02:34 AM ET
      $BABA
      Business Services
      Consumer Discretionary

    $BABA
    Financials

    Live finance-specific insights

    See more
    • Alibaba Group Will Announce March Quarter 2025 and Full Fiscal Year 2025 Results on May 15, 2025

      Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), "Alibaba" or "Alibaba Group") today announced that it will report its unaudited financial results for the quarter and fiscal year ended March 31, 2025 before the U.S. market opens on Thursday, May 15, 2025, and will hold a conference call to discuss the financial results at 7:30 a.m. U.S. Eastern Time (7:30 p.m. Hong Kong Time) the same day. All participants must pre-register to join this conference call using the Participant Registration link below: English: https://s1.c-conf.com/diamondpass/10046682-j7a0c5.html Chinese: https://s1.c-conf.com/diamondpass/10046685-k9a6cf.html Upon registration

      4/30/25 5:00:00 AM ET
      $BABA
      Business Services
      Consumer Discretionary
    • Alibaba Group Announces December Quarter 2024 Results

      Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), "Alibaba" or "Alibaba Group") today announced its financial results for the quarter ended December 31, 2024. "This quarter's results demonstrated substantial progress in our ‘user first, AI-driven' strategies and the re-accelerated growth of our core businesses. During this quarter, customer management revenue at Taobao and Tmall Group grew 9% as a result of initiatives to enhance user experience and effective monetization. Our Cloud revenue growth reignited to double digits at 13%, with AI-related product revenue achieving triple-digit growth for the sixth consecutive quarter. Looking ahead, re

      2/20/25 5:36:00 AM ET
      $BABA
      Business Services
      Consumer Discretionary
    • Alibaba Group Will Announce December Quarter 2024 Results on February 20, 2025

      Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), "Alibaba" or "Alibaba Group") today announced that it will report its unaudited financial results for the quarter ended December 31, 2024 before the U.S. market opens on Thursday, February 20, 2025, and will hold a conference call to discuss the financial results at 7:30 a.m. U.S. Eastern Time (8:30 p.m. Hong Kong Time) the same day. All participants must pre-register to join this conference call using the Participant Registration link below: English: https://s1.c-conf.com/diamondpass/10044500-45dty1.html Chinese: https://s1.c-conf.com/diamondpass/10044501-01fde1.html Upon registration, each

      2/6/25 4:19:00 AM ET
      $BABA
      Business Services
      Consumer Discretionary

    $BABA
    SEC Filings

    See more
    • SEC Form 6-K filed by Alibaba Group Holding Limited

      6-K - Alibaba Group Holding Ltd (0001577552) (Filer)

      5/9/25 4:01:28 PM ET
      $BABA
      Business Services
      Consumer Discretionary
    • SEC Form 6-K filed by Alibaba Group Holding Limited

      6-K - Alibaba Group Holding Ltd (0001577552) (Filer)

      5/9/25 6:01:52 AM ET
      $BABA
      Business Services
      Consumer Discretionary
    • SEC Form 6-K filed by Alibaba Group Holding Limited

      6-K - Alibaba Group Holding Ltd (0001577552) (Filer)

      5/2/25 4:03:15 PM ET
      $BABA
      Business Services
      Consumer Discretionary

    $BABA
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13G/A filed by Alibaba Group Holding Limited

      SC 13G/A - Alibaba Group Holding Ltd (0001577552) (Filed by)

      11/14/24 4:03:02 PM ET
      $BABA
      Business Services
      Consumer Discretionary
    • Amendment: SEC Form SC 13G/A filed by Alibaba Group Holding Limited

      SC 13G/A - Alibaba Group Holding Ltd (0001577552) (Subject)

      11/14/24 6:01:51 AM ET
      $BABA
      Business Services
      Consumer Discretionary
    • SEC Form SC 13G/A filed by Alibaba Group Holding Limited (Amendment)

      SC 13G/A - Alibaba Group Holding Ltd (0001577552) (Subject)

      2/14/24 6:12:50 AM ET
      $BABA
      Business Services
      Consumer Discretionary

    $BABA
    Leadership Updates

    Live Leadership Updates

    See more
    • AliExpress Levels Up Experience for U.S. Customers with Updated Shopping Guarantees and a Redesigned Mobile App

      The updates roll out just in time for the brand's 14th Anniversary Sale, with deals up to 70% off from March 18 through March 27 LOS ANGELES, March 18, 2024 /PRNewswire/ -- AliExpress, an international online retail marketplace under Alibaba International Digital Commerce Group, has made significant updates to its platform designed to enhance the customer experience in the U.S. market, including faster shipping times, new delivery guarantees, and an updated mobile app for simpler browsing on its catalog. A majority of U.S. consumers state that recent price increases have put a

      3/18/24 10:49:00 AM ET
      $BABA
      Business Services
      Consumer Discretionary
    • Dingdong Announces the Appointment of CFO and CHRO

      SHANGHAI, Dec. 26, 2023 /PRNewswire/ -- Dingdong (Cayman) Limited ("Dingdong" or the "Company") (NYSE:DDL), a leading fresh grocery e-commerce company in China, today announced the appointment of Mr. Song Wang, currently the director and senior vice president of the Company, as the chief financial officer (the "Chief Financial Officer") effective from December 26, 2023. Mr. Wang will be primarily responsible for the Company's overall financial matters and investor relationship affairs. The Company also announced the appointment of Ms. Hongli Gong, currently the senior vice president of the Company, as the chief human resources officer (the "Chief Human Resources Officer") effective from Dece

      12/26/23 6:00:00 AM ET
      $BABA
      $DDL
      Business Services
      Consumer Discretionary
      Catalog/Specialty Distribution
    • Alibaba Group Appoints Two Independent Directors with Enhanced Corporate Governance

      Alibaba Group Holding Limited (NYSE:BABA, the "Company"))) announces that Irene Yun-Lien Lee, Chairman of Hysan Development Company Limited, and Albert Kong Ping Ng, former Chairman of Ernst & Young China, were appointed as independent directors to the Company's board, effective August 4, 2022. The new appointments demonstrate the Company's commitment to corporate governance excellence and diversity at the board level. Following these appointments, the Company's board currently consists of twelve directors, including seven independent directors. The number of female board members increases to three. "I am delighted to welcome Ms. Lee and Mr. Ng to the Alibaba board. The new independent bo

      8/3/22 8:15:00 PM ET
      $BABA
      Business Services
      Consumer Discretionary