Alibaba.com Empowers MSMEs with AI Tools

Alibaba.com recently honored businesses for their accomplishments and international growth efforts in anticipation of Micro-, Small, and Medium-Sized Enterprise (MSME) Day on June 27. The platform has integrated artificial intelligence (AI) tools for global suppliers, benefiting approximately 30,000 businesses. This year commemorates the seventh anniversary of the United Nations' acknowledgment of the vital role played by MSMEs in attaining sustainable development goals.

During the World Trade Organization's Global Review of Aid for Trade, Alibaba.com's President, Kuo Zhang, engaged in discussions on global trade. Zhang underscored the significance of AI integration for MSMEs in developing nations, underscoring the platform's dedication to supporting MSMEs worldwide.

A survey conducted by Alibaba.com unveiled that MSMEs utilizing AI tools witnessed a 37% surge in product visibility, leading to fresh business prospects. Currently, around 30,000 MSMEs are leveraging Alibaba.com's AI tools, with favorable outcomes being reported.

MSMEs on Alibaba.com can tap into a wide array of product sources by linking up with specialized suppliers globally. The platform facilitates connections across different regions like Northeast Asia, Southeast Asia, and West Asia and Europe, enabling buyers to efficiently source products.

Alibaba.com is actively enrolling suppliers from developing countries, with a goal to aid 100 MSMEs from Africa in marketing their products globally. The platform remains committed to supporting MSMEs by providing innovative solutions and broadening its global supplier network.

Alibaba.com's initiative to empower MSMEs through AI tools and global connections signifies a significant step towards fostering international trade and economic growth for small businesses. By leveraging technology and strategic partnerships, Alibaba.com continues to pave the way for MSMEs to thrive in the global marketplace.