Alibaba's Makes Its Seller Summit Debut Overseas In Significant Supplier Market

Alibaba Group Holding Limited BABA made its seller summit debut to highlight export opportunities available to local businesses in the e-commerce space, Brecorder reports.
'Go Export with Alibaba.com' brought together existing and potential exporters to discuss how to start and grow an online export business.
It is the first event of its type held by Alibaba in Lahore, Pakistan.
Song Song, Business Head of Alibaba Pakistan, acknowledged that Pakistan was one of its most important supplier markets.
Lahore, in particular, exhibited a high potential for e-commerce growth, as it already contributed $4.7 billion in export volume, or 17% of the country's total export volume in the fiscal year 2021-22.
As the pandemic has sped up B2B (business-to-business) buyers' adoption of online sourcing channels, Song felt it ideal for more high-quality suppliers in Lahore to go online and tap the 34 million-strong global online buyer community on Alibaba.
Alibaba's overseas push has become critical for its growth prospects as the domestic regulatory crackdown took a massive toll on the company.
Alibaba handed out the majority of the penalty for antitrust violations in the country.
Price Action: BABA shares traded lower by 0.60% at $104.50 in the premarket on the last check Friday.
Photo by Rico Shen via Wikimedia Commons