Shanghai Stock Exchange China Securities Network News (Reporter Wen Ting) "AI has become a standard configuration for small and medium-sized foreign trade enterprises." Liu Guangjun, head of the China Supplier Business Unit of Alibaba International Station, said during his participation in the 2024 China International Fair for Trade in Services (CIFTIS) that Alibaba International Station is rapidly providing small and medium-sized enterprises with the most comprehensive AI capabilities to use AI products that understand foreign trade. It is reported that Alibaba International Station will also vigorously support service-oriented trade enterprises to go global. Next, it will take the lead in testing the waters in three industries: logistics, inspection and testing, and technology outsourcing.
From the demonstration at the China International Fair for Trade in Services, it can be seen that Alibaba International's AI Business Assistant product has achieved minimalist product publishing. As long as a product image or keyword is uploaded, AI can automatically generate a complete set of product information such as title, keywords, price, and image. This can shorten the time for merchants to publish products from the original 60 minutes to as fast as 60 seconds.
Lv Hongwei, a merchant on Alibaba International Station and co-founder of Hebei Hangfa Technology Co., Ltd., said that now the tedious and repetitive work of product release can basically be entrusted to AI business assistants. He revealed, "Our salespeople competed with AI, and it took ten or twenty minutes for salespeople to upload a link, but they didn't receive any inquiries for a week; AI only took two minutes, and two customers came on the same day
At present, Alibaba International's AI Business Assistant has functions such as intelligent product delivery, intelligent reception, and intelligent market analysis, which can help domestic small and medium-sized enterprises lower barriers and improve efficiency in almost all aspects of global trade. The data shows that the current number of AI optimized products has exceeded one million. In terms of effectiveness, products optimized by AI have a significantly increased likelihood of being searched and purchased by overseas buyers. Data shows that these products have increased their exposure overseas by 37%.
On the eve of the launch of this year's China International Fair for Trade in Services, Alibaba International held its annual global buyer conference - CoCreate 2024 Summit - in the United States. It released a new AI Sourcing Agent to global buyers, which fully applies generative AI in all aspects of trade procurement, making the process extremely simple and further enhancing the experience. Global trade is complex, but we want to make it as simple as online shopping, "said Zhang Kuo, President of Alibaba International
It is reported that over 30000 small and medium-sized enterprises worldwide have used Alibaba International's AI business assistant, and with the rapid progress of comprehensive AI technology in foreign trade, this number is still rapidly increasing. At the China International Fair for Trade in Services (CIFTIS), Alibaba International also announced 9 measures, including "five exemptions, three new ones, and one extension", specifically aimed at solving difficulties for small and medium-sized enterprises and fully expanding new markets and customers.
I hope we can advance to the digital trade services of the AI era and provide one-stop minimalist services for service trade enterprises to go global, thus creating new growth points for service trade. Liu Guangjun said that in the future, we will increase service trade imports on the Alibaba International Station platform and strengthen the ability display of service enterprises on the venue page and category page. In the future, on Alibaba International Station, overseas buyers can not only find businesses and products, but also services, "said Liu Guangjun.