At a recent session of the 2024 CIFTIS interview series titled "Growing Together with CIFTIS", Wang Qiang, general manager for public affairs of the North China region of Taobao & Tmall Group, Alibaba, said, "The CIFTIS brings together international organizations, business associations and world-renowned enterprises from across the globe, making it an important platform for us to showcase AI technology and innovative services to the world, exchange insights on e-commerce development, and explore diverse collaborations. It also acts as a stage for us to unveil technological successes from applying AI in e-commerce. Therefore, the CIFTIS holds significant importance for us in displaying innovations, discussing industry trends, and fostering business partnerships."
As a world-leading technology and commerce company wholly owned by Alibaba, Taobao & Tmall Group has an extensive business portfolio including renowned platforms such as Taobao, Tmall, Tmall Global, Taobao Live, Tmall Mart, Taobao Maicai, and Alimama.
At the 2024 CIFTIS, Alibaba and Taobao & Tmall Group showcased a range of innovative solutions, including Alimama's AI-powered full-site promotion service, designed to help merchants boost sales; Xianyu's new second-hand transaction ecosystem for safer and more convenient trading; Taobao's AI fitting room and Taobao Vision Pro, offering new immersive shopping experiences through virtual try-ons; M2C model-based Taobao Enterprise Purchase, Taobao Factory Channeland Tmall Mart, enhancing corporate procurement efficiency and delivering high-quality products directly to consumers; and Alibaba.com's AI Sourcing Agent, empowering global buyers to leverage generative AI across the entire trade procurement process. Notably, Taobao's AI fitting room and Taobao Vision Pro made their public debut at the event.
Photo Credit: China Business Herald
Additionally, Ji Shan, president of Xianyu, China's largest consumer-to-consumer community and marketplace for second-hand goods under Taobao & Tmall Group, delivered a keynote speech titled "Full scenario exploration of idle trading platforms in the era of digital intelligence" at the E-commerce Convention 2024 held during the CIFTIS. Ji noted that second-hand trading platforms are thriving, driven by digital and intelligent technologies, innovative business models and integrated scenarios. These platforms are building an ecosystem that facilitates the circulation of idle items, generates social values, and promotes green consumption.
Regarding future development, Wang Qiang expressed that Taobao & Tmall Group has adopted a "User First, AI-Driven" development strategy, aligning with the trends of the times. In the next ten years, no industry will stay unaffected by the disruptive changes brought about by AI. As a trailblazer in the technology world and a key player in the consumer economy, Alibaba and Taobao & Tmall Group are committed to exploring the potential of machine intelligence to advance toward artificial general intelligence (AGI). They aim to revolutionize a wide range of consumer stratification-based scenarios and applications—from personalized recommendations and virtual fitting rooms to personal assistants—through AI-driven innovation. The two groups are dedicated to enhancing their market competitiveness through technological innovation and service upgrading. Going forward, they will tap further into AI for faster transformation of the e-commerce industry, and explore more AI application scenarios and service models to boost SMEs' growth and achieve mutual benefits in the global economy.
● China International Fair for Trade in Services (CIFTIS) is co-hosted by the Ministry of Commerce of the People’s Republic of China and the People’s Government of Beijing Municipality.
● CIFTIS is the largest comprehensive fair in the field of global trade in services, serving as an exhibition window, communication platform and cooperation bridge for the service industry and trade in services.
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