Chinese e-commerce company Alibaba is going to challenge Amazon with the goal of providing fast shipping times worldwide.
According to the report in The Wall Street Journal, Alibaba seeks to be able to ship globally within 72 hours. Prices on Alibaba are cheaper than on Amazon, with many Amazon products made in China.
The global e-commerce market is estimated to reach $1.4 million by 2025, according to the report. Alibaba has 800 robots in its China warehouse and is about twice as efficient as a regular warehouse, a manager at the warehouse said.
The company sold a total of $75 billion during Single’s Day last year, which takes place over 11 days. This is more than all of the e-commerce sales during Black Friday, Cyber Monday, and Amazon’s Prime Day combined.
Alibaba contains other companies such as AliExpress and Alibaba Cloud which can help speed up the shipping process.
While Amazon only offers its fastest delivery option in 21 countries while charging an extra fee, Alibaba delivers to over 190 countries and will offer its fast shipping service for a fee of only $3.
The quality of products from China can be an issue with counterfeit products but Alibaba continues trying to deal with problematic suppliers.