Foreign trade merchants' orders doubled, and Alibaba International Station's third-quarter performance increased by 53%

Among them, Alibaba.com, an international wholesale platform founded in 1999, has become the fastest growing single business segment in terms of revenue with a growth rate of 53%.

The financial report shows that in the third fiscal quarter, the revenue of cross-border and global wholesale business (i.e. Alibaba International Station) was 3.762 billion yuan, an increase of 53% over the same period in 2019, and has been steadily rising after an increase of more than 40% in the first and second quarters.

The financial report shows that the growth of Alibaba International Station is mainly due to the increase in the number of paying members and the increase in the average income of paying members, as well as the growth in value-added service revenue related to cross-border business.

In 2020, China's foreign trade rebounded against the trend, with cross-border e-commerce becoming the fastest growing mode of trade. Data from Alibaba International Station showed that its transaction volume in 2020 surged 101% year-on-year, and the number of merchants' orders also doubled year-on-year.

In January 2021, Chinese foreign trade merchants achieved another "good start", with the actual transaction volume of the international station increasing by 177% year-on-year.

After the epidemic, China's manufacturing industry quickly resumed work and production, which greatly increased the international market's demand for Chinese manufacturing. The repeated outbreaks and the formation of consumer habits will continue to drive the development of the "contactless economy". Related demands, especially the rise of the "stay-at-home economy", will reshape global living and consumption habits and stimulate the development of new digital foreign trade.

The epidemic has accelerated the digital development of the B2B field and brought new growth opportunities for the development of small and medium-sized enterprises.

In the past year, Alibaba International Station actively responded to the "Spring Thunder Plan" launched by the group and invested 2 billion yuan to help traditional Chinese foreign trade merchants and young entrepreneurs seize the opportunities of new foreign trade. According to incomplete statistics, last year 72 listed companies and 274 brands from 14 industries settled in Alibaba International Station and joined the new digital foreign trade trend.

In October last year , Alibaba International Station launched the "10 billion ecological investment fund" plan to accelerate the improvement of the "digital new foreign trade" track and help small and medium-sized enterprises to open up new sources and improve efficiency. In December, the focus was on expanding and improving the international freight network, helping platform merchants to order containers and ship cabins, and ensuring that merchants can deliver goods to the world at the fastest speed.

"The digital economy is bringing the biggest growth to China's exports." Zhang Kuo, general manager of Alibaba International Station, said that the epidemic is testing the ability of Chinese small and medium-sized enterprises to respond quickly. In this process, the International Station took on this big test with the help of the "water, electricity and coal" foreign trade services that were first built.

Foreign trade merchants

Alibaba International Station

Third quarter results