Business
Xometry Brings Instant Quoting To Alibaba Group’s 1688.com On-Demand Manufacturing Services
Xometry’s AI-Powered Instant Quoting Engine Is Exclusive Provider Of Real-time Pricing, Lead Times on 1688.comThe Integration Will Help Chinese Companies
About this update from Xometry, Inc.
[{"type":"text","content":"Xometry’s AI-Powered Instant Quoting Engine Is Exclusive Provider Of Real-time Pricing, Lead Times on 1688.comThe Integration Will Help Chinese Companies Instantly Source Suppliers For Critical Manufacturing ProjectsProvides Another Means To Strengthen Local Supply Chain ResiliencyDrives Innovation By Digitizing A Once-Laborious Process, Allowing Goods To Get To Market Faster NEW YORK and SHENZHEN, China, March 30, 2023 (GLOBE NEWSWIRE) -- Alibaba Group’s 1688.com, China’s largest integrated domestic wholesale marketplace, and Xometry, the global on-demand manufacturing service provider, today announced that Xometry’s Instant Quoting Engine will be embedded in 1688.com’s on-demand manufacturing services. The move gives buyers in China the ability to receive instant quotes and lead times from Chinese suppliers, data that is fueled by Xometry’s AI-powered Instant Quoting Engine®. Xometry is the only partner specialized in the structural parts on 1688.com that will provide real-time pricing and lead times. The news was announced today at the Shenzhen International Industrial Manufacturing Technology and Equipment Exhibition. In helping Chinese companies instantly source suppliers for critical manufacturing projects, Xometry’s AI powered Instant Quoting Engine technology embedded within 1688.com will help domestic companies further strengthen their local supply chains. It will also fuel innovation by digitizing a once-laborious process, creating significant efficiencies from product conception to manufacturing, allowing goods to get to market faster for the benefit of all. “China continues to innovate on the world stage and that’s driven in large part by the vast manufacturing capacity of our country,” said Vivienne Xiang, General Manager of Xometry Asia. “The unparalleled reach of 1688.com along with our innovative AI-powered on-demand manufacturing service greatly benefits buyers by speeding up the sourcing cycle, while also helping manufacturers attain more work and ultimately grow their businesses.” “Companies all across China are continuously innovating and bringing new goods to market that lead to a better life for all,” said Jingjing Zhang, General Manager of Industrial Unit of 1688.com. “We’re pleased to introduce Xometry’s industry-leading technology featuring its instant-quoting engine to help companies make smarter decisi...