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The views expressed of the authors do not necessarily represent or reflect the views of DCBF.

China Facts: Alibaba on B-2-B platforms

 

AliCloud helped Sinopec Group to launch China's first e-commerce platform for the petrochemicals sector, epec.com. In a one-year pilot period before its official launch in April 2016, the platform recorded total transactional value of US$2.1bn, across its 25,647 suppliers, 1,615 buyers and 93k registered users, and 152k goods. 1/3 of the top 500 companies and 2/3 of the unicorn companies in China are on AliCloud*)

 

*) Goldman Sachs, China's Rise in Artificial Intelligence, August 31 2017

 

 

 

 

 

 

 

 

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Hans Henrik Pontoppidan
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