Taobao occupies more than 70% of the online retail market share, and Alibaba's B2B business market share is also around 60%, with a very obvious monopoly advantage.

rWith the development of e-commerce and the advent of the financial crisis, the demand for small wholesale between enterprises is becoming stronger and stronger. In the foreign trade market, there are already small wholesale platforms such as Dunhuang.com and Alibaba Global AliExpress, but in the domestic trade market, there is no very strong platform. Compared with the current glory of the online retail industry, the development of the online small wholesale industry is very backward. The launch of 1688 fills this gap.

rThe 1688 platform can meet the needs of more and more online retailers (Taobao online store sellers) and physical stores that have not yet entered the online retail market. I believe that the launch of the 1688 platform will reshuffle online and physical stores and readjust their supply structure.

rThe launch of 1688 may be good news for small and medium-sized e-commerce enterprises in China, especially small and medium-sized online merchants, which are currently severely squeezed by large online merchants. Platform integration will reduce the cost of purchasing goods and provide a richer supply of goods. The gap between small and medium-sized online merchants and large online merchants will be reduced to a certain extent. With the help of Alibaba's powerful resource advantages, the Reader's Digest of the Internet is doing business online. Quality and price are both indispensable!