on the evening of August 20, Alibaba Group announced the financial results of the first quarter of fiscal year 2021 (April June 2020). Alibaba international station, Alibaba's first business founded in 1999, performed strongly and became the fastest growing business segment of Alibaba's revenue with Alibaba cloud
the financial report shows that for the three months ended June 30, 2020, the revenue of cross-border and global wholesale businesses (i.e. Alibaba international station) was 3.2 billion yuan, an increase of 43% compared with the same period in 2019.
according to the financial report analysis, the growth is mainly due to the increase in the number of paying members and the increase in service revenue such as cross-border supply chain.
at the beginning of this year, affected by the epidemic, the sales volume of Shanghai Phoenix Bicycle, China's first bicycle firm, fell sharply. Instead, it tried to increase investment in Alibaba international station. It participated in Alibaba online trade fair in June, and the sales volume in that month was equivalent to the total offline exports in 2019.
" we are on the list of the 'online Red' of Alibaba online trade fair." Luo Zhai, general manager of Shanghai Phoenix import and Export Co., Ltd., said, "we suddenly saw that the international station is no longer a place of refuge, but a place of wealth."
Alibaba international station is not only the world's leading B2B cross-border e-commerce platform, but also has built three cross-border supply chain service systems: global payment and settlement finance, digital customs finance and taxation, and digital intelligent logistics. Alibaba Datong, a subsidiary of Alibaba Datong, is China's largest comprehensive foreign trade service platform
it is reported that in recent years, Alibaba international station has built a new digital foreign trade model relying on 21 years of big data, digital technology and one-stop full link cross-border supply chain service system
since the epidemic, Alibaba international station has proved that digital new foreign trade has become the general trend of Global trade with its ability to counter the trend of rapid growth
according to the previously released data (non financial report data), in the first half of 2020 (NATURAL year), the paid in transaction volume of Alibaba international station increased by 80% year-on-year (denominated in US dollars), which is three times the average growth rate of cross-border e-commerce industry, and has maintained a three digit growth since July
on July 14, McKinsey released a B2B sales trend research report, which said that remote sales channels are becoming more and more important, and the B2B transaction communication mode of various countries has changed from traditional mode to digital mode
on August 13, Zhang Kuo, general manager of Alibaba international station, said that the peak export season in 2020 is still in the new foreign trade, and the September procurement festival will be the best opportunity for Chinese foreign trade enterprises to break out this year