Young talents from universities in China, Spain, and Singapore have emerged as winners of the 2023 Alibaba Global E-commerce Challenge, organized by Alibaba International Digital Commerce Group (AIDC).
The competition aimed to identify future leaders in the digital commerce sector by challenging university students and recent graduates to develop creative solutions for real-world business scenarios.
This year’s challenge received a record-breaking response, with around 3,500 participants from 141 universities in 59 countries and regions. Nine teams were chosen from regional rounds to compete in the global finals held in Singapore.
Finalists pitched live to a panel of AIDC executives, presenting proposals for market opportunities and strategies related to Alibaba.com, AliExpress, and Lazada.
Team “Chunyi Capital” from Peking University took the top spot in the global finals, with teams from ESADE Business School and National University of Singapore earning second and third place.
The winning teams received prizes worth up to RMB50,000, and select global finalists were offered internships with AIDC.
Lilian Jiang, Chief People Officer of AIDC, praised the finalists for their insightful and innovative proposals, stating that AIDC is committed to nurturing young talent in the international digital commerce space.
Chunyi from Team Chunyi Capital expressed gratitude for the opportunity and excitement to apply their newfound skills and knowledge to the digital commerce industry.
Past competition participants, such as HUA Wen, who placed third in a previous edition, have joined AIDC and made significant contributions to the company.
Hua encouraged this year’s winners not to fear challenges and to focus on gaining experiences rather than fulfilling expectations.
AIDC arranged a tour of its Singapore office for finalists, giving them the opportunity to interact with the team and gain a deeper understanding of the e-commerce sector.
AIDC operates several international commerce retail businesses, including Lazada, AliExpress, Trendyol, and Daraz, as well as the global B2B e-commerce platform Alibaba.com. – BusinessNewsAsia.com