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Alibaba.com: 20M+ Guaranteed Transaction Orders Processed in 1 Yr, More Than Total No. of Global Letter of Credit Orders
Zhang Kuo, President of Alibaba.com, said at the Sibos 2024 that Alibaba.com is China's largest B2B platform abroad, and hoped to make cross-border trade as simple as online sh...
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Alibaba.com: 20M+ Guaranteed Transaction Orders Processed in 1 Yr, More Than Total No. of Global Letter of Credit Orders
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Zhang Kuo, President of Alibaba.com, said at the Sibos 2024 that Alibaba.com is China's largest B2B platform abroad, and hoped to make cross-border trade as simple as online shopping in China with the help of digital innovations, with digital cross-border transaction financing services being one of the paths, according to Chinese media.

Every cross-border transaction on Alibaba.com is now covered by credit protection, and the number of guaranteed transaction orders handled in a year will exceed 20 million, which is more than the total number of global letter of credit orders, Zhang added.

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