Alibaba overhauls marketplace to take on Amazon

alibaba app

Chinese etail titan Alibaba is overhauling its business model in order to better compete with Amazon on a global scale.

The ecommerce group will make changes to AliExpress – a website that sells goods from Chinese retailers to 150 countries – allowing retailers from other markets to sell goods through the platform.

AliExpress has opened the site to overseas retailers, allowing small and medium-sized businesses in Russia, Turkey, Italy and Spain to register and sell their products to other countries. 

Alibaba said a “good foundation” of businesses from the four countries have already registered to sell through AliExpress, although it declined to give exact numbers.

 

Already have an account?

Want to read more?

Register for LIMITED guest access

Register now

Get premium access

£5 A MONTH for 3 months

Subscribe now