Alibaba (BABA, Financial) saw its stock rise over 4.3% to $111.37. Recent data highlights Taobao's remarkable international success, topping download charts in 16 countries and ranking within the top ten in 123 countries, driving a surge in international users. Taobao's impressive download figures jumped significantly; from 104,000 on April 12 to 326,000 by April 15, marking a staggering 222% increase. Notably, downloads on the iOS platform surged by 483% in North America and 439% in Europe.
Additionally, Zhejiang Province's Department of Commerce is collaborating with major platforms to promote cross-border e-commerce, bringing Zhejiang's high-quality, competitively priced goods to more global consumers to bolster foreign trade. The first batch of 20 cross-border platforms includes AliExpress, Lazada, Taobao Global, and Alibaba International Station.
