Founded in 1999, 1688.com is China’s largest integrated domestic wholesale marketplace. 1688.com is known as the "product source for Chinese e-commerce," bringing together wholesale suppliers and offering goods at competitive wholesale prices from various industries. As of fiscal year 2024, 1688.com had over 1 million paying members. 1688.com expanded from B2B business to procurement services for small and medium-sized enterprises and consumers. It is also a strategic innovative business of Alibaba Group.