At the launch event held in Paris, France on July 31st, Alibaba International Station President Zhang Kuo announced the new release of the B2B AI procurement search engine and showcased the latest upgrades to the AI Business Assistant. The upgrades to the AI Business Assistant include a simplified product posting feature, which significantly reduces the time it takes for merchants to post products to as fast as 60 seconds, and an AI automated reception feature, which can respond to overseas customers around the clock, significantly improving the secondary response rate by about 40%.
The application of AI technology has significantly lowered the barriers to the foreign trade industry, with over 30,000 small and medium-sized enterprises currently using the AI Business Assistant. Optimized product exposure has increased by 37%, and the payment conversion rate has improved by 50%. Since its launch in November 2023, the AI Business Assistant has become an efficient and powerful tool for merchants to manage their business and receive orders quickly.
The upgrades to the AI Business Assistant also include updates to three major benefits, providing more flexible ways to use these benefits. All text-based AI generation capabilities are completely free, and unsatisfactory image, video, and data features can be regenerated for free. Additionally, the AI Business Assistant will continue to update with more features such as automatic product posting via uploaded links, smart selection of global market products, and one-click store decoration.