Alibaba, the world’s largest online and mobile commerce company, is expanding its business-to-business services with the launch of a new platform that enables companies to buy and sell leads. The new platform, called Alibaba Leads, is designed to help businesses save time and money by connecting them with potential customers and partners. Alibaba Leads is currently available in beta and is free to use. The company plans to eventually charge a subscription fee for the service. Alibaba Leads is the latest addition to Alibaba’s suite of business-to-business services, which includes Alibaba.com, the world’s largest online marketplace for businesses, and AliExpress, a platform for businesses to sell products to consumers. With Alibaba Leads, businesses can post leads and requirements on the platform and receive responses from interested parties. Alibaba will also provide businesses with tools to manage their leads and track their progress. The launch of Alibaba Leads comes as the company is seeking to expand its business-to-business services and tap into the growing demand for such services in China. According to a report by the China Internet Network Information Center, the number of businesses using online B2B services in China is expected to grow from 8.6 million in 2016 to 12.8 million in 2020. Alibaba is well-positioned to capture this growing market with its vast ecosystem of businesses and its experience in connecting businesses with customers and partners. We believe that Alibaba Leads has the potential to be a valuable platform for businesses of all sizes and across all industries.
Alibaba is a Chinese e-commerce company that provides consumer-to-consumer, business-to-consumer, and business-to-business sales services via web portals. It also offers electronic payment services, a shopping search engine, and data-centric cloud computing services. The company operates in three segments: core commerce, cloud computing, and digital media and entertainment. The company was founded in 1999 and is headquartered in Hangzhou, China.
In conclusion, Alibaba's acquisition of leads services is a great move that will help the company expand its reach and better serve its customers. The move will also help Alibaba better compete against other e-commerce platforms in the market.