Alibaba eyes B2B expansion in the US with Las Vegas event as rivals ByteDance and PDD also grow American e-commerce

Alibaba.com, the company’s original cross-border business-to-business (B2B) platform, is holding a “Co-Create” event in Las Vegas on Thursday and Friday, with chief technology officer Yang Zhou and vice-president Andrew Zheng attending. The event brings together business enthusiasts, B2B professionals, and industry experts, the platform said.

Alibaba, which owns the South China Morning Post, is also celebrating “Super September” on its B2B platform with a month-long sale, with the sellers of a combined 70 million products having joined the festival.

At the same time, the platform has introduced new features to woo American users. In addition to the revamped image search, Alibaba has new intelligent communication tools to help convert speech to text as live subtitles, according to Rah Mahtani, head of US marketing for Alibaba.com.

“The US in particular is our largest buyer market,” Mahtani said. “And we’ve seen a huge influx of new businesses being created in the US in the last two and a half years.”

The number of active buyers on Alibaba.com grew 33 per cent year on year in the first half of 2023, with more than 90 per cent of industries experiencing rapid growth in online exports, and 91 per cent of countries and regions covered seeing an increase in traffic on the site, according to the company.

However, foreign trade in China faces challenges. Exports tumbled for the fourth consecutive month in August amid weak external demand and ongoing global supply chain disruptions. Exports were down 8.8 per cent to US$284.9 billion in August compared with the same month last year, according to customs data released on Thursday.