Alibaba.com, Wix Partner to Empower Global SMEs, Boost E-commerce

Alibaba Group Holding Limited (NYSE:BABA) is one of the most promising stocks according to Wall Street analysts. On July 2, Alibaba.com, which is a leading global B2B marketplace, and Wix.com Ltd. (NASDAQ:WIX) announced a partnership to empower digital entrepreneurs, new businesses, and small and medium-sized enterprises/SMEs to expand their global reach. The collaboration will facilitate seamless global trade across over 200 countries and regions.

Under the partnership, Alibaba.com Seller App’s integration with Wix Marketplace will allow Wix merchants to seamlessly become Global Gold Suppliers on Alibaba.com by simply downloading the app. Plus, Wix merchants will gain access to a curated sourcing marketplace powered by Alibaba.com. Alibaba.com sellers will also have direct access to Wix’s powerful AI platform to build their own branded D2C and B2B storefronts.

Alibaba.com, Wix Partner to Empower Global SMEs, Boost E-commerce

An e-commerce platform displaying a wide range of products to customers online.

Using Wix’s full suite of intuitive AI, design, marketing, and eCommerce tools, Alibaba.com sellers can easily expand their digital presence, strengthen brand identity, and directly engage with both consumers and business buyers globally through Single Sign-On capability. The partnership rollout will occur in phases, with future enhancements anticipated.

Alibaba Group Holding Limited (NYSE:BABA) provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses engage with their users and customers in China and internationally. Wix.com Ltd. (NASDAQ:WIX) operates a cloud-based web development platform for registered users and creators worldwide.

While we acknowledge the potential of BABA to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BABA and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.