Alibaba.com and Wix.com Ltd. (WIX) announced a strategic partnership aimed at empowering digital entrepreneurs, new businesses, and SMEs to expand their global reach. The collaboration will enable Wix merchants to expand their global wholesale capabilities through Alibaba.com while providing Alibaba.com merchants the opportunity to establish direct-to-consumer and B2B storefronts powered by Wix's commerce infrastructure.
The partnership rollout will occur in phases. Anticipated future features include AI-powered product discovery, automated onboarding processes, and intelligent product-matching tools.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.