Jing Ji Wang·2025-08-01 09:04Core Insights - Alibaba's 1688 platform is driving AI integration in the supply chain, focusing on empowering small and medium enterprises to leverage AI for digital transformation and business growth [1][4][11] Group 1: AI Initiatives and Upgrades - 1688 launched the "1688AI version" App, which includes features like AI search, product selection, and enterprise querying tools, aimed at enhancing user experience for buyers [3][8] - The platform's AI capabilities will be available on both mobile and PC, allowing for continuous iteration based on user interaction [3][8] - A new free "AI digital employee" has been introduced, providing businesses with a virtual team to assist in various operational tasks, transitioning from execution to decision-making roles [5][6] Group 2: Business Model and Market Impact - The "AI to B" model is being implemented to make AI a practical tool for small buyers and source merchants, enhancing their daily business operations [4][11] - 1688 aims to support quality merchants by eliminating non-source stores and focusing on genuine supply, thereby fostering a positive cycle of quality and reward [7][11] - The introduction of the "1688 Source Selection" initiative aims to create innovative consumer products by collaborating with quality factories, targeting high-frequency consumption scenarios [8][11] Group 3: Performance Metrics and Future Goals - AI initiatives have led to a 20% to 30% increase in key performance indicators such as conversion and repurchase rates, with expectations of a 50% to 100% increase by 2025 [8][11] - The platform is positioned as a leader in the B2B space, with over 100 million annual active buyers and 1 million source manufacturers, marking a significant shift towards AI-driven business growth [11][12] - The flexibility of the digital supply chain is enhanced by AI, lowering barriers for entrepreneurship and enabling individuals to become their own bosses [11][12]