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Although the trend of a Business to Business portal is not new but the evolution of technology has indeed changed the way they function. Additional digital trading features and branding has taken the place of traditional outreach methods to get in touch with targeted buyers or sellers.Here are some of the best and fastest growing global B2B platforms that are helping thousands of businesses in the world to grow and reach their international and local clients.
The evolution of digital technology has changed the horizons of business and finance sector all over the world. The consumer no longer buys the same way, and the companies no longer sell the same. There is more competition, more supply and demand changes from day to day. The new demands of the market have given rise to new technologies and online business. Wherever there is a customer who wants to buy, there will be a company that offers to sell. But in the case of the Business to Business industry there is another type of relationship that is without end-customers or consumers, but between two business entities.
Although the trend of a Business to Business portal is not new but the evolution of technology has indeed changed the way they function. Additional digital trading features and branding has taken the place of traditional outreach methods to get in touch with targeted buyers or sellers. Traders can safely export and import goods without hassles of paying expensive visits to other countries. The escrow trading feature from Alibaba is one of the luxuries of digital trading, business enterprises no more have to bear the risk of paying big amounts to import or export good with features like it.
Some other benefits that business-to-business contributes to the companies involved are:
Speed and security of communications.
Direct integration of the data of the transaction in the computer systems of the company.
The possibility of receiving more offers or demands, expanding the competition.
Depersonalization of the purchase with which avoid possible deals of favor.
Minimum Hassles: fewer commercial visits, faster negotiation process, etc. Therefore, buyers may ask for a price reduction or sellers can increase their margins with a single click.
I have compiled a list of some of the fines B2B portal that can help you bolster your business all around the world. I have highlighted the ups and downs of every B2B platform to help you choose the right one for your business. Here are some of the best and fastest growing top global B2B platforms that are helping thousands of businesses in the world to grow and reach their international and local clients.
Alibaba Group is a Chinese private consortium based in Hangzhou dedicated to e-commerce on the Internet, including business-to-business, retail, and consumer sales portals. It also offers online payment services, a price comparison search engine, and cloud data storage services. In 2012, two Alibaba portals together handled 1.1 trillion yuan (170 000 million dollars) sales, which is more than its competitors both eBay and Amazon.com combined.
The company operates mainly in the People’s Republic of China, and in March 2013 the Economist magazine estimated that the consortium could be valued at between $ 55 billion and $ 120 billion. During 2013, it achieved revenues of approximately US $ 7.5 billion and had approximately 22,000 employees in March 2014.
Alibaba is currently listed in Hong Kong Stock Exchange, it is easily one of the oldest and biggest online B2B platform in the world serving more than 35 million users. It has ten associated companies, according to the corporate summary available on its website which are Alibaba International, Alibaba China, Taobao, Tmall, Juhuasuan, AliExpress, Alimama, Aliyun, Alipay, China Smart Logistics.
Alibaba has shares in all types of things, but the company operates mainly through three sites: Taobao, China’s largest shopping site; Tmall: Resembles Taobao, but the products on offer are of the highest quality; and Alibaba.com, which connects Chinese exporters with companies in other parts of the world.