Alibaba.com Unveils AI Sourcing Agent, Helping SMEs Simplify Global Trade; The Platform's Premier B2B E-Commerce Event Marks The Launch Of Its First Co-Branded Credit Card, Upgraded Financial And Logistics Solutions For U.S. Businesses

Author: Benzinga Newsdesk | September 05, 2024 02:09pm

The platform's premier B2B e-commerce event marks the launch of its first co-branded credit card, upgraded financial and logistics solutions for U.S. businesses

LAS VEGAS, Sept. 5, 2024  /PRNewswire/ -- Alibaba.com, a leading platform for global business-to-business (B2B) e-commerce and a business unit of Alibaba International Digital Commerce Group, today announced its new artificial intelligence (AI)-powered sourcing agent, along with new financial and logistics solutions, at its second annual CoCreate conference, which kicks off in Las Vegas today. These solutions will help small and medium-sized enterprises (SMEs) increase sourcing efficiency and more easily navigate cross-border trade.

AI-powered sourcing agent simplifies global trade

Alibaba.com's new AI Sourcing Agent is set to deliver solutions to simplify the complex B2B sourcing process by providing more accurate search results for global supplier and product searches. It will also help new businesses and entrepreneurs get started quickly, better understand the global sourcing landscape, as well as find the right supplier more easily.

Key functions of this AI-powered sourcing agent include:

• Conversational search: SMEs will be able to use natural language queries in their searches on Alibaba.com.
• Proactive sourcing-need interpretations and recommendations: SMEs will have the ability to use the agent's suggestions for decision making in real time. They can be confident in these recommendations as they are backed by over a billion product listings hosted on Alibaba.com and the platform's 25 years of B2B industry knowledge.
• Intelligent comparison: The AI tool will provide comparisons with details on each supplier and their quotations, so SMEs can make an informed decision.

Posted In: BABA