#China #Hangzhou #Alibaba #AI features #Accio

Alibaba's Accio Surpasses One Million Users

In a remarkable achievement just five months post-launch, Alibaba's AI-driven B2B search engine, Accio, has garnered over one million users. Alibaba International Digital Commerce Group announced this significant milestone and introduced two new powerful features, Business Research and Deep Search, aimed at empowering small and medium-sized enterprises (SMEs) in their global trade endeavors.

AI-Driven Innovation at Alibaba

Accio is designed to simplify the complexities of global trade, particularly for SMEs that may lack the sophisticated resources of larger corporations. Utilizing advanced technologies, including the open-source Qwen large language model, Accio harnesses reasoning models that are fine-tuned using real industry data. This innovative approach enables the platform to provide multilingual support and generate in-depth market insights along with actionable sourcing strategies tailored for SMEs.

Kuo Zhang, President of Alibaba.com, emphasized that reaching the one million users milestone is merely the beginning. 'We aim to continuously improve our toolkit, allowing SMEs to seamlessly integrate AI functionalities into their daily operations. With the sophisticated enhancements of Accio, users can translate vague product ideas into executable plans swiftly,' Zhang noted.

Features Tailored for SMEs

Business Research: From Insights to Action

The Business Research feature revolutionizes the way SMEs conduct market analysis. Traditionally, market research can be a tedious and time-consuming task requiring extensive data collection and report synthesis. Accio automates this process, allowing users to input broad goals—like launching a product in a new region—and receive structured, real-time reports that outline consumer demand, pricing trends, and competitive landscapes. Perhaps most impressively, it generates comprehensive business plans that include cost estimates and supplier recommendations. This enhancement empowers SMEs to act quickly on identified opportunities, significantly reducing the groundwork typically required.

Deep Search: Simplifying Precision Sourcing

Deep Search addresses the intricate demands of global sourcing. It adapts to varying requirements such as technical specifications, certifications, and budget limitations. Should a user's initial search yield few results, the tool intelligently refines its search parameters by leveraging synonyms or industry jargon, effectively mimicking the methodologies employed by procurement experts. Furthermore, it rigorously vets suppliers for compliance and reliability, producing AI-curated shortlists in mere minutes. By integrating decades' worth of Alibaba's trade data into an intuitive interface, this feature enables novice users to source materials as if they are experts in the field.

Transforming Global Trade through AI

A recent survey conducted by Alibaba.com, which included responses from over 4,000 sourcing decision-makers in key markets such as the U.S., UK, Germany, and France, revealed a striking statistic: almost 64% of businesses plan to embed AI in their sourcing strategies by 2025. Their primary motivations were identified as enhancing long-term growth, improving efficiency, and reducing costs.

With projections indicating that global trade could surpass $33 trillion in 2024, the growing trend among businesses to adopt advanced technologies to maintain competitiveness is apparent. Platforms like Accio are addressing this demand by streamlining the integration of AI into business operations. Additionally, Alibaba.com is undergoing a significant upgrade to incorporate Accio's state-of-the-art capabilities, thus empowering its 50 million SME buyers and sellers to more effectively identify business opportunities and connect with reliable suppliers.

Conclusion

Alibaba's Accio represents a groundbreaking step forward in enabling SMEs to engage in global trade with confidence and efficiency. By combining the power of AI with an intuitive user experience, Accio is setting a new standard for B2B commerce, unlocking new possibilities for entrepreneurs around the world.

For those eager to explore the new features of Accio, you can find out more at Accio.ai or Accio.com.