ecommerce, which is also known as ecommerce shopping, is a new business system that has been created by Alibaba Group Holding Ltd.
and other companies to help retailers sell their goods online.
It offers consumers the option to purchase products online and then receive the same goods as if they had been purchased in-store.
Alibaba Group said in a statement that it will be selling a number of new products, including a smart home hub, a personal assistant that helps users control their thermostats and a new camera.
“We expect ecommerce to grow to $1.4 trillion by 2025 and reach $1 trillion by 2021,” Alibaba Group added.
The ecommerce marketplace was launched in 2014 by Alibaba to help people buy online products in-person from stores.
But it has since grown into a billion-dollar business with more than 1,500 online retailers and more than 10,000 physical stores.
ecommerce and its competitors, such as e-commerce sites like Amazon.com Inc., have been gaining popularity, with online sales accounting for about 20% of total U.S. sales in 2019.
Alibaba, which makes the popular ecommerce software Alibaba Marketplace, will launch the first ecommerce store, the first to sell physical goods, on Alibaba.com.
The site will offer a variety of online shopping experiences, including cash-back offers for shoppers, discounts on items and shipping services, according to a press release.
“Our goal is to enable ecommerce platforms to reach billions of people globally through our Alibaba Marketplace platform,” Alibaba Chief Executive Officer Jack Ma said in the statement.
Alibaba said it will sell ecommerce products at an average price of $15 a unit, which the company said was “well below” the average price for physical products.
The Alibaba Group will also launch a mobile ecommerce platform for its mobile payment network, Alibaba Pay.
Alibaba’s products will include clothing, jewelry, furniture and accessories, as well as travel accessories and travel services.
Alibaba will also sell e-books for a subscription fee, according the press release, which did not say what price range Alibaba plans to offer.
eCommerce products will be available to the public for free, according Alibaba.
In the future, Alibaba hopes to expand the service to include other products such as jewelry, clothing, eyewear and household appliances.
Alibaba hopes that ecommerce can help the company expand its online business beyond the Chinese market.
In addition to the Alibaba Group, other companies involved in the Alibaba ecommerce business include ecommerce company Alibaba.net and e-Commerce platform Alibaba.de.