Alibaba Group’ international B2B platform Alibaba.com transacted 80% more in the first half of 2020 compared with a year earlier.
Orders placed on Alibaba.com nearly doubled (+98%) in the six months ended June 2020 while the number of paying buyers increased by 60%, according to data Alibaba.com released last week.
Transactions surged as the coronavirus epidemic sparked a rush to online shopping around the world.
In the same period, China’s cross-border e-commerce trade rose 26% while the value of foreign trade fell 3.2%, according to figures published earlier by the General Administration of Customs.
In the first half of the year, there were 70 countries and regions with a year-on-year transaction value growth of more than 100% on Alibaba.com.
The US, the UK, and Germany are the top three contributors to Alibaba.com’s transaction volume, with the growth of 91% for the US, 117% for the UK, and 107% for Germany. Its sites in 68 countries and regions saw growth more th...
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