The resulting productivity gains are driving down business costs, keeping consumer prices in check, and encouraging investment and growth. Global e-commerce retail sales surpassed $4.2 trillion in 2020, accounting for 17.8% of all global retail sales – up from 7.4% in 2015. So, as a tool to facilitate cross-border commerce by removing hurdles and reducing business costs for American companies, Alibaba’s e-commerce infrastructure is punching well above its weight. By providing virtual business infrastructure and ready access to customers who are increasingly comfortable shopping online, e-commerce platforms enable businesses to leapfrog many of those uncertainties. Alibaba is in the vanguard of designing, building, and operating e-commerce infrastructure, while keeping business costs down.

Source: Forbes June 13, 2022 23:06 UTC