{"id":56681,"date":"2024-06-27T12:03:36","date_gmt":"2024-06-27T12:03:36","guid":{"rendered":"https:\/\/english.saigonbiz.com.vn\/2024\/06\/27\/msme-day-2024-alibaba-com-commits-to-scaling-ai-tools-for-msmes\/"},"modified":"2024-06-27T12:03:36","modified_gmt":"2024-06-27T12:03:36","slug":"msme-day-2024-alibaba-com-commits-to-scaling-ai-tools-for-msmes","status":"publish","type":"post","link":"https:\/\/english.saigonbiz.com\/vn\/msme-day-2024-alibaba-com-commits-to-scaling-ai-tools-for-msmes\/","title":{"rendered":"MSME Day 2024: Alibaba.com Commits to Scaling AI Tools for MSMEs"},"content":{"rendered":"
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Strategic plans for a diverse supplier network and enhanced trade opportunities unveiled<\/i><\/p>\n

GENEVA<\/span><\/span>, June 27, 2024<\/span><\/span> \/PRNewswire\/ — Alibaba.com, a leading platform for global business-to-business (B2B) e-commerce and a unit of Alibaba International Digital Commerce Group, today honored businesses in their pursuit of success and global growth ahead of Micro-, Small and Medium-Sized Enterprise (MSME) Day<\/a><\/u> on June 27<\/span>. Reaffirming its dedication to supporting MSMEs, Alibaba.com said it has been rolling out artificial intelligence (AI) tools for global suppliers, which have so far attracted adoption by around 30,000 businesses on its platform.<\/p>\n

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Kuo Zhang (left), President of Alibaba.com, stresses the importance of including MSMEs from underdeveloped countries in the AI era, in a session moderated by James Howe (right), Head of Digital Connectivity at ITC, held in celebration of MSME Day.<\/span><\/p>\n<\/p><\/div>\n

This year’s MSME Day marks the seventh anniversary of the United Nations’ designation to recognize the vital role played by MSMEs in achieving the UN Sustainable Development Goals and the contributions of MSMEs to the global economy. On this meaningful occasion, Kuo Zhang<\/span>, President of Alibaba.com, participated in a panel discussion on the topic of global trade during the World Trade Organization’s (WTO) bi-annual Global Review of Aid for Trade. Together with four MSMEs from Ethiopia<\/span>, Vietnam<\/span>, Italy<\/span> and India<\/span>, Zhang also joined a session held by the United Nations International Trade Centre (ITC) to celebrate MSME Day.<\/p>\n

Emphasizing the importance of ensuring that no MSMEs in underdeveloped countries are left behind in the era of AI, Zhang mentioned that among the top 20 countries making the most frequent use of Alibaba.com’s AI tools, approximately 10 are developing countries.<\/p>\n

“As a member of the private sector, we are honored to have worked alongside international agencies such as ITC and supported MSMEs worldwide over the past 25 years,” said Zhang. “As we promote wider adoption of our AI tools amongst MSMEs, we also hope to expand our global supplier base to cover 100,000 suppliers in the next three years. In a nutshell, we are building a global supply chain by and for MSMEs leveraging AI.”<\/p>\n

MSMEs Embrace the Power of AI<\/b><\/p>\n

A recent survey conducted by Alibaba.com of MSMEs that utilize its platform showed that they are regularly seeking out innovative solutions and offerings like AI. In fact, 25%-30% of the MSMEs surveyed use AI on a daily basis.<\/p>\n

On Alibaba.com alone, approximately 30,000 MSMEs globally are using the platform’s AI tools. As a result of leveraging these tools, the companies surveyed saw a 37% increase in product exposure, creating greater opportunity for new business deals and growth. Additionally, those MSMEs surveyed that are already utilizing Alibaba.com’s AI tools are furthering their businesses through AI’s expertise, as they have collectively accepted 70% of the optimization suggestions from the tools.<\/p>\n

“Using AI has helped put my Alibaba.com store on autopilot and saved us a lot of time since it’s just me and one employee managing our business,” said Sieu To, Deputy Managing Director of Hanh Sanh Co., Ltd, a Vietnam<\/span>-based electric fan company. “For many business owners who are new to e-commerce, I think AI tools will draw them closer to the platform.”<\/p>\n

MSMEs Have Growing Access to Global Suppliers<\/b><\/p>\n

In addition to a growing suite of innovative solutions to support their businesses, MSMEs on Alibaba.com can diversify their product sources by connecting with suppliers with specific industry and product focuses. These key global digital supply chain clusters include the following:<\/p>\n