Alibaba Releases Report on Cross-Border Trade's Positive Impact on the U.S. Economy
NEW YORK, March 6, 2024 /PRNewswire/ -- Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), "Alibaba" or "Alibaba Group") recently announced findings from a new report highlighting Alibaba's positive impact on the U.S. economy and how its e-commerce platforms support U.S. businesses. The report reflects positive growth in both retail sales and employment numbers in the U.S. resulting from the sale of American products to Chinese consumers through Alibaba's range of online marketplaces and platforms.
- New report quantifies the positive economic impacts of cross-border trade conducted by businesses leveraging Alibaba platforms, tools and solutions
NEW YORK, March 6, 2024 /PRNewswire/ -- Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), "Alibaba" or "Alibaba Group") recently announced findings from a new report highlighting Alibaba's positive impact on the U.S. economy and how its e-commerce platforms support U.S. businesses. - As such in 2022, $66.2 billion in sales from U.S. brands to Chinese consumers on Alibaba platforms helped to add $52.9 billion to the U.S.
- Gross Domestic Product (GDP) and supported over 403,000 U.S. jobs, according to the report compiled by NDP Analytics and commissioned by Alibaba.
- For more information on Alibaba and the report, please visit Alibabapowersbusinesses.com .