COVID-19 Notice: The Asia Import Platform is designed to ensure that you can manage the importing process from anywhere – at a time when it’s impossible to visit suppliers and attend trade shows in Asia.
Hong Kong-based Björn Wahlström (Managing Director of Current Consulting) is a leading expert in risk management and investigations, involving manufacturers and other companies in China. In this guide, Björn shares his knowledge concerning different types of scams, prevention methods, and real-life case studies. Continue reading Manufacturer Frauds in China: Case Studies & Prevention
Buyers and sellers have long relied on trade shows, both in the US and in Asia, to meet new suppliers (or customers), spot trends, and find new product ideas. As we all know, that all came crashing down in 2020. For the time being, your only option is to source products online.
That said, there is light at the end of the tunnel. Thanks to Alibaba.com Super September, you can actually get some of that trade show experience delivered to your home or office. It’s probably as close as you’ll get to a real virtual trade show.
Keep reading, and learn what Alibaba.com Super September is all about and how you can join in.
This article is sponsored by Alibaba.com and written by Fredrik Gronkvist at Chinaimportal.com
What is Alibaba.com Super September?
Alibaba.com Super September can best be described as a virtual trade show. That has been attempted by a number of traditional trade show organizers, with mixed results. That said, Alibaba.com has taken this concept further as it already has the largest supplier and product databank, while they also extend offers on their services.
Let’s look into the details:
Live Product Demos
Live streaming really took off in Mainland China a few years ago in the B2C e-commerce world. That said, live streaming also works in the B2B world. As part of Alibaba.com Super September, more than 18000 live product broadcasts are scheduled to take place.
One of the key features of trade shows is to see new products and get an impression of the latest industry trends. As you already know, Alibaba.com is the world’s largest supplier databank. For some, it can even be overwhelming to find the right product – which is why Alibaba.com Super September highlights more than 2000 new products.
Alibaba.com started out as a supplier directory but has evolved to become so much more. Today, Alibaba.com is already an end-to-end trade platform that enables you to not only find suppliers – but also pay your suppliers, book shipping, and arrange quality inspections.
Alibaba.com Super September also offers discounts on these services:
1. New buyers can save up to US$60 on transaction fees;
2. All buyers can save up to US$200 on Logistics by placing orders through Alibaba.com Freight
3. Enjoy 20% off third party inspection service fees on site
These discounts alone could end up saving you a few hundred dollars.
How can Alibaba.com Super September benefit my business?
Alibaba.com Super September is the closest you’ll get to a real trade show in 2020. If you’re looking for new product ideas or new suppliers, it’s the place to go.
Is Alibaba.com Super September free for buyers?
No, it doesn’t cost anything to attend Alibaba.com Super September. All you need to do is to log in or create a free account on Alibaba.com.
Alibaba.com’s Payment Terms service allows importers in the US to order products with a small deposit upfront (typically 30% of order value), then pay off the balance (typically 70%) up to 60 days later.
This deferred payment service helps small businesses manage and improve their cash flow instead of having to tie up their capital right from the start.
The application process is simple, quick, and done completely online. There’s no need to submit paperwork or wait weeks for approval as it normally does when small businesses try to get loans approved to finance their product imports.
Planning to pay your supplier via Alibaba Trade Assurance? In this guide, we explain what the Trade Assurance is, and how you can ensure that it works to your benefit. The key to success when using this payment service is understanding its terms and conditions.
This is covered:
What is Alibaba Trade Assurance?
How does Alibaba Trade Assurance protect buyers?
How do I pay through the Alibaba Trade Assurance platform?
Can I trust Alibaba Trade Assurance?
Which payment methods are available for Trade Assurance?
How much are the Trade Assurance fees?
Does Trade Assurance enable me to return products I am satisfied with?
Can all Alibaba suppliers offer Trade Assurance payments?
Found a supplier on Alibaba but not sure how to pay them? In this guide, you will learn how to pay suppliers on the #1 supplier directory, both through the built-in Alibaba payment gateway and ‘off-platform’.
Keep reading and learn how you can pay suppliers by wire transfer, credit card and the secure payment system – and how you can claim a refund if the goods are not matching the product description.
In addition, you will also learn why a refund cannot always be taken for granted, and how you can prepare for, and win, a dispute.
This is covered
Telegraphic Transfer (Bank Transfer)
Alibaba Secure Payment (Escrow)
Alibaba Payment Links
Alibaba Payment Terms
Alibaba Online Transfer
Telegraphic Transfer (Bank Transfer)
Alibaba.com is a supplier directory – an online platform for finding factories and trading companies in China, and other countries around the world.
While Alibaba.com has in recent years expanded into providing payment solutions, most buyers go here to find suppliers and then continue business discussions elsewhere. Hence, the transactions are still for the most part made outside of the Alibaba.com ecosystem. That is likely to change in the future but is the case at the time of writing.
None of these scams are unique to Alibaba.com. On the contrary, Alibaba.com verifies all Gold Suppliers and offers far more supplier data than any other B2B supplier directory.
Alibaba.com is in many aspects the safest way to source products in Asia, as long as you have a risk management process in place.
That said, Alibaba cannot monitor every single email and WeChat conversion between suppliers and buyer’s on its platform. There are rogue employees out there, and hackers breaking into suppliers email accounts.
The OneTouch platform is an Alibaba owned platform, helping Chinese manufacturers and trading companies streamlining the exporting process. From their Alibaba account, suppliers can access order financing, manage logistics and export procedures.
In return, Alibaba got access to a wealth of trade information, offering direct benefits to Importers in other countries.
Keep reading, and learn how the Alibaba OneTouch helps both suppliers and their customers around the world.
This is covered
What is Alibaba OneTouch?
How does OneTouch help manufacturers?
How can OneTouch help me as an Importer?
What is the difference between Trade Assurance and OneTouch?
What is Alibaba OneTouch?
OneTouch is an Alibaba owned platform, mainly focused on helping Chinese suppliers streamlining the exporting process.
From a supplier perspective, the exporting process can be fairly complicated, as it involves:
Export tax refund (months later)
Booking shipments to customers around the world
Export customs clearance
Order financing and the overall bureaucracy have been more of an issue for Chinese exporters, compared to those in more developed countries.
Unsurprisingly, Alibaba is taking the lead and bridge the gap using technology.
Apart from the obvious benefit the OneTouch platforms offer Alibaba Gold Suppliers, there’s something even bigger.
The OneTouch platform helps suppliers transition from old fashioned export receipts and company seals – to an all-in-one digital export dashboard. This in turn gives Alibaba.com access to Chinese export data, in a way that has never been done before.