Editor’s Note
Alibaba.com’s strong September performance, with order volume surging 69% and key metrics showing double-digit growth, signals a robust new phase for B2B cross-border trade. This data underscores the platform’s pivotal role in connecting global buyers and sellers during peak procurement seasons.
The September Procurement Festival is the peak season for foreign trade throughout the year. Alibaba.com, the leading B2B cross-border platform, witnessed comprehensive strong growth in the first week of September: online order volume surged by 69%, while the number of paying buyers on the platform and overseas demand both achieved double-digit growth. B2B foreign trade is ushering in a new round of boom.
Online transaction volume in mainstream foreign trade markets, especially in Europe and the US, increased significantly. Data shows that the markets with the fastest order growth on Alibaba.com are: France, the UK, Italy, Australia, and the United States. High-growth industries are also extensive: from automobiles and their parts, consumer electronics to apparel, accessories, jewelry, and eyewear, growth rates in markets like the US have all exceeded 80%.
This is closely related to Alibaba.com’s significant investments overseas this year. On September 5th, Alibaba.com held its most important annual B2B trade summit, CoCreate 2024, in the United States, attracting over 2,000 global SME owners to attend offline, with online viewership reaching as high as 10.75 million.
Previously, Alibaba.com also became the B2B e-commerce partner for the Paris Olympics and signed NBA superstar Tony Parker, who has significant influence in Europe and the US, to jointly promote B2B e-commerce, vigorously expanding overseas markets for Chinese companies going global.