Alibaba Guaranteed is a new service that streamlines the sourcing process for global buyers by eliminating the need to negotiate with suppliers. Instead, orders are fulfilled directly through Alibaba.com.
At the heart of this service is a commitment to providing "guarantee". With Alibaba Guaranteed, buyers get fixed low prices with shipping included, guaranteed delivery by scheduled date, and comprehensive money-back guarantee if any issues arise with their orders. Additionally, the platform handles finance, such as escrow and payment terms, and after-sales services.
The launch of Alibaba Guaranteed is a direct response to the needs of businesses in today's market. Alibaba.com is one of the largest online B2B marketplace platforms worldwide, currently serving over 48 million SME buyers and hosting more than 200,000 suppliers globally.
A recent survey conducted by Alibaba.com unveiled that 66% of SMEs plan to increase their reliance on online global sourcing in 2024. However, they still have deep concerns regarding delivery times, logistics costs, and product reliability, with 22% of respondents highlighting these as their top challenges.
By launching Alibaba Guaranteed, the marketplace aims to help SMEs navigate global sourcing and cross-border trade with greater ease and confidence.