On February 6, Alibaba’s comprehensive B2B e-commerce platform 1688 launched the “Warm Spring Recovery” plan for industrial sectors, according to New Beijing News.
1688, in conjunction with MYbank, provides up to 30 days of interest-free loans for qualified merchants, with unlimited credit within the scope of credit; New entrants will also obtain a trial fund for advertising, and the first-time merchants will be guaranteed the effect.
1688 said that it also provides official logistics options for source merchants, door-to-door collection, visible order tracking throughout the entire process, guaranteed logistics timeliness, and logistics subsidies (freight up to 18 yuan per order).
1688 said that it will focus on helping source factories grab orders, so that source factory goods can be distributed to major e-commerce retail platforms with one click through 1688’s distribution supply chain, and commission-free. At the same time, a marketing zone of “Good Goods from the Source of Warm Spring” will be opened, and the customer acquisition speed of the zone will be doubled, and the average number of buyers will increase by 20%.