The Chinese B2B e-commerce company Alibaba has announced that its new online wholesale website, 1688.com, was formally launched on 9 March 2010, with traffic reaching 6.39 million hits on the first day.
Integrated with Alibaba’s former Chinese website Alibaba.com.cn, 1688.com is a newly upgraded platform that aims to be the world’s largest online wholesale market. Products available on the website are reported to cover over 6,000 industries, including apparel, small commodities, hardware, and machinery.
(Source: China Sourcing News)