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How Alibaba.com is changing access to global markets

Alibaba.com president Kuo Zhang explains how AI is transforming access to global supply chains and accelerating growth

Kuo Zhang, President of Alibaba.com, talking at the 2024 Web Summit
Kuo Zhang, President of Alibaba.com, talking at the 2024 Web Summit [Image: Horacio Villalobos/Corbis/Getty Images]

There was a time when global supply chains were the preserve of the largest companies. Access required scale, capital and specialist knowledge. For most businesses, it simply wasn’t an option. Kuo Zhang, the president of Alibaba.com, believes that moment has passed.

“Previously, it was only the giants who could leverage the global supply chains,” he says. “Now, you can use your phone at home to reach out to most suppliers all over the world.”

That shift sits at the centre of Alibaba.com’s strategy. The platform now connects 50 million buyers with 200,000 suppliers globally, creating a marketplace that is as much about access as it is about transaction.

But the more interesting change is not scale. It is speed.

Tasks that once took weeks, such as market research, supplier identification and negotiation, are increasingly compressed into minutes. AI is the driver.

“Using AI, we can give you a full market research report,” Zhang says, “and find the best suppliers in the world.”

In practical terms, that means a founder with an idea can move from concept to execution far faster than before. A product sketch can be uploaded, analysed and matched with manufacturers globally. A category can be explored with data-led insights rather than instinct.

It is a shift from discovery to decision.

That matters because the complexity of business decisions has increased. Zhang draws a distinction between what he calls “short decision” and “long decision” commerce. The latter, typical in B2B, involves far more variables.

“You consider probably more than 12 to 20 dimensions,” he says. Traditionally, navigating that complexity required experience and time. Now, AI can structure and interpret it, reducing friction in the process.

The implication is not just efficiency, but accessibility. More people can participate. More ideas can be tested. And the data suggests they are. In Europe, order growth on the platform has increased by 57% year-on-year, reflecting a rising appetite to engage with global supply chains.

This is not without its challenges. Trust, logistics and regulation remain critical considerations. Zhang is clear that platforms must do more than connect buyers and sellers.

“One thing on top of your mind is about trust,” he says. To address this, Alibaba.com has built systems around payment protection, logistics integration and supplier verification, effectively creating infrastructure around the transaction.

It is a reminder that technology alone is not enough. It needs to be embedded within a broader system that reduces risk as well as effort.

There is also a more subtle shift underway. The nature of entrepreneurship itself is changing.

“More and more SMEs want to source globally, but also want to sell globally as well,” Zhang says.

Geography is becoming less of a constraint. A business can be conceived in one market, manufactured in another and sold across multiple regions, often from a single device.

That flexibility is shaping behaviour. Younger entrepreneurs, in particular, are more comfortable operating in this environment, using mobile-first tools and digital platforms as default.

“Whenever you have a great idea, you can use your phone to connect to the world,” Zhang says.

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