Ali Opens New “Silk Road”

AliExpress, a sub-platform of China’s largest online shopping website Alibaba, launched for foreigners to buy made-in-China products, had reportedly collected over 100 million users by April 10. Thanks to the convenience and the vast variety of products, AliExpress is highly popular in many countries and has expanded to many of the countries and regions taking part in China’s Belt and Road Initiative. To better serve users, AliExpress has urged many less-developed countries to upgrade infrastructure and greatly promoted online payment, which Ali believes will one day totally replace cash payments. More importantly, as many foreign investors have exited China due to rising labor costs and as China is making efforts to upgrade its manufacturing, AliExpress provides a good channel for Chinese enterprises to export their products. AliExpress’s general manager Shen Difan told media that their long-term goal is to build a series of Chinese brands and to enhance the international image of Chinese domestic products.