Alibaba's new 'instant commerce' portal passes 40 million daily orders
HighlightsChinese e-commerce giant Alibaba reported that its Taobao Instant Commerce portal has exceeded 40 million daily orders within just one month of its launch. The Taobao Instant Commerce portal integrates merchants from Alibaba's food delivery service Ele.me into the main Taobao shopping application. This initiative is part of a larger trend among Chinese online platforms that are investing billions of dollars into the development of instant retail services.
Chinese
ecommerce
giant
Alibaba
said Monday that its
Taobao Instant Commerce
portal, which delivers items within 60 minutes, has surpassed 40 million
daily orders
within a month of launching.
The portal brings merchants from Alibaba's
food delivery
arm Ele.me onto its main domestic
shopping app
, Taobao, and is part of a broader move among
Chinese online platforms
in recent months to invest billions in so-called "instant retail".
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