Alibaba holds first online trade show

Alibaba launched its first online trade show on Monday afternoon, where Chinese providers sell products via livestreams to international wholesalers, Xinhua News Agency reported on Tuesday.

The event's host said it is the biggest online trade show in cross-border trade this year. More than 10 million wholesalers are expected to participate.

The trade show, scheduled to run through June 28, will put on 6,000 cross-border business-to-business livestreams and provide a string of free or favorable services for cross-border trade, covering every part of export for electronic businesses, which is expected to help enterprises save up to 60 percent in contract fulfillment costs.

Alibaba said the company links 100 featured industrial belts in China with 150 million international purchasers. It will roll out 20 online shows this year, facilitating trade enterprises in digital transformation, solving "order drought" problems via big data, and offering a comprehensive and stable cross-border supply chain.