Alibaba president discusses AI strategy to help grow small businesses

The World Trade Organization is currently hosting its 40th Geneva Week in Switzerland, with an emphasis on small and medium enterprises (SMEs). Alibaba.com (BABA) president Kuo Zhang joins Wealth! to discuss his company's initiatives to support these enterprises globally.
Zhang highlights Alibaba's commitment to serving SMEs, catering to sellers and buyers. The platform has a network of over 200,000 suppliers and more than 50 million buyers worldwide. He emphasizes Alibaba's role in providing tools and platforms "to transform the way they do business."
Recognizing SMEs as "the backbones of the global business," Zhang outlines Alibaba's strategy to leverage digital tools "to empower" these enterprises across the globe, including developing regions in Africa and Asia. Zhang reveals that Alibaba is "heavily investing on the technology side" of AI with two primary objectives: enhancing platform efficiency for both sellers and buyers, and evolving the platform from "a sourcing engine to a creative engine." These advancements aim to streamline workflows for SMEs and "build trust between each other" on Alibaba.com.
Addressing concerns about the impact of global elections on their business operations, Zhang emphasizes Alibaba's focus on "things that do not change." This includes their core SME customer base, products, target markets, and manufacturers. "We are back to the fundamentals," Zhang told Yahoo Finance, adding, "These are things we think are not going to change for a hundred years, so that's where we are focusing."
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[@mitch8575]

President of alibaba should be outlining the complete scam they have pulled on investors

[@Michael-wy7om]

Allibaba cost me over 20k the CEO should’ve been arrested that was my 401k ! Thanks for nothing you nerd!

[@tedthebed7877]

that's the risk of investing

[@tonybeck9485]

You're blaming the wrong person. Adults invest and take responsibility for their investments....that's the risk of investing.

[@mitch8575]

Baba is a scam

[@mitch8575]

Baba is nothing more than a theft threw propaganda lies over inflated price enron 2

[@MlCKERS]

Take responsibility for your decisions. I've lost 100k and I'm not bitching and blaming others.