Alibaba.com reports 14% increase in U.S. active B2B buyers over March 1-18

Alibaba.com announced it has recorded a 14% increase in the number of active business-to-business, or B2B, buyers across the U.S. between March 1 and March 18 during this year’s March Expo. “March Expo is Alibaba.com’s annual online trade fair that connects buyers and sellers from around the world to help them discover new products, services and possibilities to grow their business. Along with the increase in active buyers in 2024, Alibaba.com has seen 10% year-over-year growth in the average daily transaction volume for the U.S. market for the same period of March 1-18 versus last year. The year-over-year increase in active buyers and average daily transaction volume comes as small and medium-sized enterprises (SMEs) explore opportunities to source more efficiently and cost-effectively while navigating macroeconomic uncertainty, supply chain pressures and a consumer market that prioritizes delivery speed,” the company stated in a press release.