Alibaba on Tuesday launched Accio, an AI-powered search tool aimed at helping small businesses in Europe and the Americas source supplies more effectively. Initial tests showed that Accio increased purchase intent by 40% compared to traditional search engines. Businesses can source wholesale goods and engage directly with suppliers, with early demos showing potential for industries like sports equipment. This comes as Alibaba’s international e-commerce continues to grow, though its domestic platforms, Taobao and Tmall remain the top revenue drivers.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Alibaba on Tuesday launched Akio, an AI-powered search tool aimed at helping small businesses
00:07in Europe and the Americas source supplies more effectively. Initial tests show that Akio
00:13increased purchase intent by 40 percent compared to traditional search engines.
00:17Businesses can source wholesale goods and engage directly with suppliers,
00:21with early demos showing potential for industries like sports equipment.
00:25This comes as Alibaba's international e-commerce continues to grow.
00:29Though its domestic platforms Taobao and T-ball remain the top revenue drivers.
00:34For all things money, visit Benzinga.com slash GSTV.