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Alibaba unveils AI tool to streamline global trade tasks

Alibaba Group Holdings has launched an AI assistant named Accio for merchants involved in online sourcing.

The tool, introduced on Tuesday, aims to simplify a 28-step process in global trading.

It helps in supplier discovery, customs clearance, and price negotiation.

The tool’s introduction seeks to enhance efficiency by automating traditionally time-intensive elements.

Recent Alibaba developments

Timeline
07-Nov-2024 🚀 Alibaba Cloud completes largest migration for Xiaohongshu
  • Alibaba Cloud migrates 500,000 TB for Xiaohongshu
  • Collaboration involved 1,500 employees over one year
04-Nov-2024 🌐 Alibaba pivots from metaverse to AI, lays off employees
  • Alibaba cuts jobs in metaverse division, Yuanjing
  • Focus remains on metaverse applications and services
28-Oct-2024 🏦 Alibaba pays $433.5m to settle US monopoly lawsuit claims
  • Alibaba settles US class-action for $433.5M
  • Investors claimed monopolistic practices since 2019
17-Oct-2024 🛍️ Alibaba-backed Turkish ecommerce platform launches LLM
  • Trendyol launches first in-house LLM.
  • Real-time chat for cross-border sellers in 25 countries.
24-Sep-2024 🤖 Alibaba’s DingTalk launches AI workplace collaboration tools
  • DingTalk launches AI tools subscription service
  • Service priced at 339 yuan, intro rate 169 yuan

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