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Alibaba Releases Report on Cross-Border Trade’s Positive Impact on the U.S. Economy

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New report quantifies the positive economic impacts of cross-border trade conducted by businesses leveraging Alibaba platforms, tools and solutions

NEW YORK, March 6, 2024 /PRNewswire/ — Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), “Alibaba” or “Alibaba Group”)  recently announced findings from a new report highlighting Alibaba’s positive impact on the U.S. economy and how its e-commerce platforms support U.S. businesses. The report reflects positive growth in both retail sales and employment numbers in the U.S. resulting from the sale of American products to Chinese consumers through Alibaba’s range of online marketplaces and platforms.

Alibaba Group continues to support businesses of all sizes, from small businesses to multinational corporations, by providing them with e-commerce platforms and solutions to enhance their operations and create new growth opportunities in overseas markets. As such in 2022, $66.2 billion in sales from U.S. brands to Chinese consumers on Alibaba platforms helped to add $52.9 billion to the U.S. Gross Domestic Product (GDP) and supported over 403,000 U.S. jobs, according to the report compiled by NDP Analytics and commissioned by Alibaba.

“E-commerce opportunities across industries continue to grow as consumer demand increases and new technology emerges to enhance the online shopping experience,” said Eric Pelletier, Head of International Government Affairs at Alibaba Group. “At Alibaba, we’re proud that U.S. businesses looking to expand globally count on platforms and solutions from Alibaba to empower them to tap into new markets – such as the rapidly growing Chinese market – to fuel their business growth.”

Alibaba Impact Across the U.S. Economy 
As U.S. businesses broaden the scope of their operations to a global level, Alibaba supports businesses throughout the U.S. in capturing growth opportunities by tapping into a growing Chinese customer base. The report shows the positive impacts on those businesses who have taken advantage of Alibaba’s variety of platforms and solutions in the form of product sales, job growth, indirect impacts and more. Key findings include:

Product sales drive growth: In 2022, large and small U.S. brands utilized Alibaba’s e-commerce platforms to sell approximately $66.2 billion worth of products to consumers in China. That represents a 47.4% increase since 2019 ($44.9 billion). These products range from consumer staples to luxury goods, and the three largest product categories powering sales were computers & electronics, apparel & leather products, and personal care & cleaning products.Employment numbers rise from coast to coast: As sales surged on Alibaba’s platforms, U.S. businesses saw new needs in manufacturing and production, and ramped up their own operations to meet demand. Based on official production employment data published by the U.S. Census, U.S. brands created an estimate of 96,660 direct production jobs (56.6% of 170,867 total direct jobs) to support $49.3 billion in U.S. brand sales on Alibaba’s platforms in 2022. Most of these jobs, totaling 117,270, were generated in the Pacific region, including Alaska, California, Washington, Oregon and Hawai’i. This was followed by the South Atlantic division stretching from Washington, D.C. to Florida with 52,693 new jobs.Small businesses see a boost: Small businesses play an integral role in the U.S. economy, and those that have utilized Alibaba’s platforms have been able to go beyond their U.S. customer base and reach the world’s largest consumer market of more than 1.4 billion people. In fact, U.S. small businesses with under 100 employees generated $6.7 billion in sales, accounting for 13.5% of U.S. brand sales on Alibaba’s platforms.Effects rippled throughout the supply chain: The impact is not felt just by those businesses that use Alibaba’s platforms, but also by businesses throughout their supply chains (indirect impact), and the local communities where U.S. workers at the brands and along the supply chain spend their wages (induced impact). In 2022, sales from U.S. products sold on Alibaba’s platforms created an additional $41.3 billion in indirect and induced output for companies and supported 232,044 indirect and induced jobs along the supply chain and in communities nationwide.

“We are committed to developing new innovations and solutions to aid U.S. businesses as they seek to build on their successes in China and other global markets,” said Pelletier. “Alibaba’s mission has always been ‘to make it easy to do business anywhere,’ and we firmly believe that our platforms offer U.S. businesses a unique growth opportunity. We support and act as a true partner for any business leaders and decision-makers utilizing our platforms to help propel their businesses beyond their domestic market.”

Alibaba aims to bring together businesses from the U.S. and across the globe, enhancing partnerships and helping them to develop stronger cross-border relationships. Through these and the latest tools and innovations from Alibaba’s platforms, businesses of all sizes are able to expand beyond their domestic market and elevate their brands globally.

For more information on Alibaba and the report, please visit Alibabapowersbusinesses.com.

About the Report 
This report relied on data provided by Alibaba for 2022 from platforms including Taobao Global, Tmall, Tmall Global, Freshippo and Koala. Additional data comes from official industry statistics, economic multipliers compiled and published by U.S. governmental agencies and third-party research. This includes data from the U.S. Bureau of Economic Analysis (BEA), the U.S. Census Bureau and North American Industry Classification System (NAICS).

About Alibaba Group
Alibaba Group’s mission is to make it easy to do business anywhere. The company aims to build the future infrastructure of commerce. It envisions that its customers will meet, work and live at Alibaba, and that it will be a good company that lasts for 102 years.

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SOURCE Alibaba Group

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Dymax Launches TPO-Free Light-Curable Adhesives Range to Address Regulatory and Marketplace Demands

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SINGAPORE, May 14, 2025 /PRNewswire/ — Dymax, a leading manufacturer of rapid light-curing materials and equipment, responds to market interest in sustainable adhesive solutions and changing regulatory requirements by expanding its portfolio of TPO-free light-curable materials.

Preemptive Compliance and Long-Term Readiness
In anticipation of the European Union legislative changes on Trimethylbenzoyl Diphenylphosphine Oxide (TPO) and in response to growing consumer concerns around the world, Dymax is expanding our portfolio of TPO-free formulations designed to meet evolving safety standards and support long-term product design and planning.

The available TPO-free products have been rigorously tested to deliver the performance and quality characteristics expected of all Dymax chemistries. For medical device applications, adhesives meet biocompatibility standards, including ISO 10993-5 cytotoxicity and others as appropriate, helping support internal validation or documentation requirements. Additionally, manufacturers who want to integrate the formulations into existing production environments can seek assistance from Dymax technical service specialists who can help customers move confidently through validation processes with current applications or new product development efforts.

“Our commitment to monitoring and assessing the needs of the marketplace and developing innovative and effective solutions drives us to stay ahead of the marketplace,” said Michael Ford, Head of Business Development at Dymax. “By enabling access to our expanded portfolio of TPO-free products early and continuing to evolve our product lines where needed, we are giving our customers the confidence to continue using our materials while meeting evolving global standards and end-user needs.”

Supporting Product Transitions
Recognizing that any formulation change can raise questions, Dymax provides technical and regulatory support to help customers assess and adopt TPO-free options, including:

Current application product review to determine potential TPO-containing product useProduct Data Sheets for material property review prior to in-house validationApplication engineering guidance to evaluate any required process adjustmentsAccess to regulatory teams for questions about global compliance requirements

While the regulatory push is strongest in the EU, Dymax’s proactive approach will help enable a timely transition for the customer, giving them confidence in product reliability and future compliance directives while simultaneously addressing consumer needs.

Customers are encouraged to contact Dymax technical advisors to answer questions on process and design changes and for support in evaluating solutions that meet immediate performance needs and longer-term planning goals.

About Dymax
Dymax develops innovative rapid and light-curable materials, dispensing equipment, and UV/LED light-curing systems. The company’s adhesives, coatings, and equipment are perfectly matched to work seamlessly with each other, providing design engineers with tools to dramatically improve manufacturing efficiencies. Major markets include aerospace and defense; medical device; and consumer and automotive electronics.

For additional information on Dymax, visit www.dymax.com or call us at +65 6752 2887.

 

View original content:https://www.prnewswire.com/apac/news-releases/dymax-launches-tpo-free-light-curable-adhesives-range-to-address-regulatory-and-marketplace-demands-302454671.html

SOURCE Dymax

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Premier of Sarawak Officiates Hydrogen Economy Forum 2025, Launches Sarawak Hydrogen Economy Roadmap and Announces APGH 2026 to Further Cement Sarawak’s Leadership in the Global Green Energy Transition

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KUCHING, Malaysia, May 14, 2025 /PRNewswire/ — The Hydrogen Economy Forum (H2EF) 2025 – powered by APGH officially opened today at Hilton Kuching, officiated by the Premier of Sarawak, The Right Honourable Datuk Patinggi Tan Sri (Dr) Abang Haji Abdul Rahman Zohari bin Tun Datuk Abang Haji Openg. The Premier of Sarawak delivered a powerful keynote address titled “Charting a New Energy Future: Sarawak’s Hydrogen Economy in Action”.

In his keynote address, the Premier of Sarawak emphasised hydrogen as a cornerstone of Sarawak’s clean energy strategy. He highlighted the state’s commitment to becoming a regional leader in hydrogen, driven by the newly launched Sarawak Hydrogen Economy Roadmap (SHER). The roadmap outlines a strategic plan to harness Sarawak’s abundant renewable energy, natural gas, and carbon capture capabilities to scale up low-carbon hydrogen production.

The Premier also announced the return of the Asia Pacific Green Hydrogen (APGH) Conference and Exhibition, scheduled for 9–11 June 2026 at the Borneo Convention Centre Kuching (BCCK). Building on the momentum of its inaugural edition, APGH 2026 aims to drive further global dialogue, innovation, and investment in the hydrogen economy.

The opening day of H2EF 2025 also featured several key industry announcements and partnership signings that reflect Sarawak’s growing role in the clean energy landscape. These included a Letter of Intent exchange between SEDC Energy and NGLTech (Sarawak) Sdn Bhd, an MoU exchange between UNIMAS and Bureau Veritas, and an MoU exchange between Sarawak Petchem and HighChem Company Limited.

A major highlight was the unveiling of the inaugural Sarawak SME ESG report by Alliance Bank, titled “Navigating ESG in Sarawak: Insights from SMEs”. The report provides a comprehensive view of how local small and medium enterprises are adapting to environmental, social, and governance (ESG) practices as Sarawak transitions into a green economy.

Hosted by the Ministry of Energy and Environmental Sustainability Sarawak (MEESty) and co-organised by MOSTI and Borneo Business Connect, with the support of Business Events Sarawak (BESarawak), H2EF 2025 serves as a strategic platform to drive Southeast Asia’s transition to a hydrogen economy. The forum aligns with national initiatives under the National Energy Transition Roadmap (NETR) and Sarawak’s Post-COVID-19 Development Strategy (PCDS) 2030.

With participation from over 400 delegates, including hydrogen industry leaders, researchers, investors, and policymakers from countries such as Japan, South Korea, Australia, Germany, and the Netherlands, H2EF 2025 continues to solidify Sarawak’s position as a clean energy pioneer in the region.

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SOURCE Hydrogen Economy Forum (H2EF) 2025

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ST Engineering iDirect Awards Saudi Net Link For Excelerator Sustained Excellence

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HERNDON, Va., May 13, 2025 /CNW/ — ST Engineering iDirect, a global leader in satellite communications, is proud to announce Saudi Net Link (SNL) as the winner of its Excelerator Sustained Excellence Award at CABSAT 2025. Illustrating the value of long-term partnerships, the award recognizes SNL’s exceptional role in driving continuous excellence in innovation, creating demand and advancing the satellite communications industry in the Middle East.

Since becoming ST Engineering iDirect’s first partner to install its iDirect Evolution hub in the Middle East in 2011, SNL has consistently delivered reliable connectivity solutions across critical industries. Their work has supported mobility services and ensured seamless and secure communication in remote environments, strengthened data sovereignty through global extension of local networks, and advanced the oil and gas sector with managed satellite solutions. With nearly two decades of collaboration with ST Engineering iDirect, SNL’s innovative approach and dedication have established them as a key driver of growth and transformation in the region.

Mohammed Elfaisal, COO of Saudi Net Link, stated, “We are deeply honored to receive the Excelerator Sustained Excellence Award. This recognition reaffirms our commitment to delivering cutting-edge satellite solutions that address the unique needs of our clients. Our long-standing partnership with ST Engineering iDirect has enabled us to expand our technological capabilities and continuously push the boundaries of what’s possible. We look forward to achieving even greater milestones together.”

Danielle Edwards, Vice President of Channels at ST Engineering iDirect, commented, “Collaboration is the foundation of our Excelerator Partner Program, and Saudi Net Link has consistently demonstrated dedication, expertise, and a drive to push boundaries. We value their unwavering loyalty and look forward to deepening our partnership as we work together to expand into new markets and continue delivering customer-focused solutions.”

ST Engineering iDirect, a subsidiary of ST Engineering, is a global leader in satellite communications (satcom) providing technology and solutions that enable its customers to expand their business, differentiate their services and optimize their satcom networks. With over 40 years of delivering innovation focused on solving satellite’s most critical economic and technology challenges we are committed to shaping the future of how the world connects. The product portfolio, branded iDirect, represents the highest standards in performance, efficiency and reliability, making it possible for its customers to deliver the best satcom connectivity experience anywhere in the world. ST Engineering iDirect is a leader in key industries including mobility, broadcast and military/government. In 2007, iDirect Government was formed to better serve the U.S. government and defense communities. For more information visit www.idirect.net.

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SOURCE ST Engineering iDirect

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