Chinese B2B e-commerce company Alibaba.com has announced that its new online wholesale website, 1688.com, was formally launched on March 9, 2010, and the wholesale traffic reached a whopping 6.39 million people on the first day.
Integrated with Alibaba's former Chinese website Alibaba.com.cn, 1688.com is a newly upgraded platform that aims to be the world's largest online wholesale market. Products available on the website reportedly cover over 6,000 industries, including apparel, small commodities, hardware, and machinery. It provides more than 500,000 quality suppliers and over 150 million pieces of product information. It also teams with Alibaba Group's other subsidiaries, including Taobao.com and Alipay.com, to realize coordinated operations in the e-commerce industry chain.
Wu Huating, Alibaba's senior director for the Chinese market, sa...
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