According to Alibaba disclosure, homepage wholesale traffic reached 6.39 million, representing a month flow of people of the world’s largest small commodity market- Yiwu Small Commodity City.

The former Alibaba China Station (alibaba.com.cn) was integrated to upgrade to the new “1688 platform,” pointing its sword towards the world’s largest online wholesale market.

After “1688 platform” was in operation, it covers clothing, commodities, metals, machinery, etc. almost more than 6,000 existing enterprise industries, with more than 500,000 credit-pass high-quality suppliers, containing 150 million piece of commodity information, breaking down ” Shopping on Taobao, wholesale on 1688 “e-commerce front end, to achieve coordination with Taobao, Alipay and other companies in e-commerce industry chain.

Alibaba China market senior director- Wu Huating said: “1688 platform targets at the world’s largest online wholesale market, and this platform will help physical plant, the brand owner, and 1 level wholesaler to introduce a large number of buyers, including hundreds of thousands of Taobao shop owners, millions of offline cities shop owners, more of the existing wholesale buyers, to provide a range of trading tools and services.?

Alibaba CEO Wei Zhe, said, “The most worth mentioning is that the 1688 platform will be jointly with authoritative organizations to re-build the Internet integrity and security system, any trade disputes on the 1688 platform can be effectively resolved.”

It is understood that Alibaba has recently bought shares from investors the stock code domain name 1688.com, 1688.cn, 1688.com.cn to launch the network wholesale business, but 1688.net, 1688.biz these unusal domain name was still in other domain name investors. In addition, the number 1688 followed by a single letter from a to z has been registered by investors.
Some domain name investors said they wanted to take the Alibaba ride, considering introducing similar e-commerce platform or sell to other e-commerce company.