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Alibaba to import US$200 billion international goods to China

Alibaba Group will help import US$200 billion worth of goods from more than 120 countries over the next five years.

The company unveiled its US200 billion goal at its Global Import Leadership Summit held at the
first-ever China International Import Expo in Shanghai. Between 2019 and 2023, Alibaba will help
import international goods from businesses of all sizes in Germany, Japan, Australia, the US, and South Korea.

The commitment highlights the company’s long-term commitment to globalisation and boosting its efforts to meet the rising demand of Chinese consumers for high-quality international products, according to a press release from the company.

“Globalisation is one of Alibaba’s most critical long-term growth strategies. We are building the
future infrastructure of commerce to realise a globalised digital economy where trade is possible
for every country around the world,” said Daniel Zhang, CEO of Alibaba Group.

“Leveraging Alibaba’s innovative technology and robust ecosystem, we are committed to making global trade more inclusive and fulfilling our mission ‘to make it easy to do business anywhere’ in the digital
era.”

Alibaba also cited a report co-produced by Deloitte China, the China Chamber of International Commerce, and AliResearch to show the growing e-commerce sales in China. China’s cross-border e-commerce market has grown significantly – the proportion of imports to total e-commerce sales has grown from 1.6% in 2014 to 10.2% in 2017.

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