1688 and Alibaba are the same company, and Alibaba is the predecessor of 1688.

Jack Ma founded the Alibaba website in 1999, which is the predecessor of 1688.

1688 is now the flagship business of Alibaba Group and is China's leading domestic trade e-commerce platform for small enterprises.

As a subsidiary of Alibaba Group, 1688 represents the interests of enterprises in the CBBS e-commerce system, provides business information and convenient and secure online transactions for tens of millions of buyers and suppliers around the world, and is also a community for merchants to make friends and interact with each other in real life.

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1688 focuses on wholesale and procurement business, improves customer experience through professional operation, and comprehensively optimizes the business model of corporate e-commerce.

Currently, 1688 has covered 16 major industry categories such as raw materials, industrial products, clothing and accessories, home furnishings, and small commodities, providing a series of supply services from raw material procurement-production and processing-spot wholesale.