07:44 AM EDT, 06/06/2024 (MT Newswires) -- Alibaba Group Holding ( BABA ) said Thursday that it has launched Alibaba Guaranteed, which is intended to simplify global sourcing and provide a more flexible and reliable supply chain for small- and medium-sized businesses.

The company said that Alibaba Guaranteed offers products at fixed prices with shipping fees included, dispatch of goods within 72 hours, and guarantees delivery by the expected date. The platform also handles finance, such as escrow and payment terms, as well as after-sales services.

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