1688.com is a B2B e-commerce platform operated by Alibaba Group, specifically targeting the domestic market in China. The platform was launched in 2010 and has since become one of the largest B2B e-commerce platforms in China, with millions of registered users and a vast product range covering various categories such as electronics, apparel, and home and garden.
1688.com primarily serves small and medium-sized enterprises (SMEs) in China, connecting them with suppliers and manufacturers within the country. The platform offers a range of services and features, such as product sourcing, quality control, and logistics support, to help users find the right products and connect with reliable suppliers.
1688.com’s user interface is designed in Chinese and caters specifically to the needs of the domestic market, with features such as group buying and online auctions to help users save costs and access a wider range of products.
As a subsidiary of Alibaba Group, the valuation of 1688.com is likely closely tied to the overall performance of the parent company. As of my knowledge cutoff in September 2021, Alibaba Group had a market capitalization of approximately $400 billion, making it one of the largest e-commerce companies in the world. However, the exact valuation of 1688.com as an individual asset is not publicly available.
