
Alibaba.com launches ‘CoCreate Pitch'
KARACHI: Alibaba.com, a leading B2B e-commerce platform, has announced the newly expanded pitch competition, 'CoCreate Pitch', which will take place at the Company's annual flagship CoCreate event.
The competition will allow global SMEs with product dreams to compete for a $1 million prize pool. Selected SMEs and entrepreneurs from Pakistan will have the opportunity to participate in the US event held in Las Vegas from September 4-5, 2025.
In addition to the 'CoCreate Pitch' competition, Alibaba.com is also introducing CoCreate Europe, which will be held in London on November 14, 2025. Coinciding with World Micro, Small, and Medium Enterprises (MSME) Day on June 27th, this initiative highlights the commitment of Alibaba.com to supporting global SMEs.
SMEs are actively positioning themselves for new opportunities. During the mid-year stock season, Alibaba.com has observed significant momentum in Pakistan, with the number of Pakistani exporters on the platform increasing by 30% year-over-year from April to June.
Copyright Business Recorder, 2025
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Business Recorder
10 hours ago
- Business Recorder
Alibaba.com launches ‘CoCreate Pitch'
KARACHI: a leading B2B e-commerce platform, has announced the newly expanded pitch competition, 'CoCreate Pitch', which will take place at the Company's annual flagship CoCreate event. The competition will allow global SMEs with product dreams to compete for a $1 million prize pool. Selected SMEs and entrepreneurs from Pakistan will have the opportunity to participate in the US event held in Las Vegas from September 4-5, 2025. In addition to the 'CoCreate Pitch' competition, is also introducing CoCreate Europe, which will be held in London on November 14, 2025. Coinciding with World Micro, Small, and Medium Enterprises (MSME) Day on June 27th, this initiative highlights the commitment of to supporting global SMEs. SMEs are actively positioning themselves for new opportunities. During the mid-year stock season, has observed significant momentum in Pakistan, with the number of Pakistani exporters on the platform increasing by 30% year-over-year from April to June. Copyright Business Recorder, 2025


Express Tribune
a day ago
- Express Tribune
SMEs with product ideas to compete in US
Listen to article B2B e-commerce platform has announced a newly expanded pitch competition, CoCreate Pitch, which will take place at the company's annual CoCreate event. The competition will allow global small and medium enterprises (SMEs) with product ideas to compete for a $1 million prize pool. Selected SMEs and entrepreneurs from Pakistan will have the opportunity to participate in the US event to be held in Las Vegas from September 4 to 5 this year. In addition to the CoCreate Pitch competition, is also introducing CoCreate Europe, which will be held in London on November 14, coinciding with the World Micro, Small and Medium Enterprises (MSME) Day on June 27. CoCreate Pitch will attract SMEs from around the globe, offering the opportunity for financial support, a diversified supply chain and mentorship. Two grand champions, one from each CoCreate event, will each receive a financial award valuing at $200,000 (50% cash and 50% sourcing credits). Twenty winners will be awarded up to $40,000 each under the same terms. All participants will gain free access to AI-powered sourcing tools and supplier network, enabling rapid prototyping and cost-efficient production. The competition spans two to four months, with submissions evaluated on innovation, feasibility and market potential. Finalists will pitch live at events in Las Vegas. Winners will be selected by a panel of industry leaders and investors. "The passion SMEs will bring to their innovative product ideas, and their entrepreneurial energy, shines brightly on stage," said Kuo Zhang, President of Despite global economic uncertainty, the SMEs continue to demonstrate resilience and a strong capacity to adapt and thrive. Recent data from reveals that SMEs are actively positioning themselves for new opportunities.


Business Recorder
10-06-2025
- Business Recorder
July-March 2025: LSM experiences 1.5% negative growth
ISLAMABAD: Large-Scale Manufacturing (LSM) has experienced a negative growth of 1.5 percent during July-March 2025 in contrast to a slight decline of 0.22 percent observed in the corresponding period of the previous year. Within manufacturing, LSM plays a dominant role, accounting for 67.5 percent of the manufacturing sector and 8.0 percent of GDP, followed by Small-Scale Manufacturing (SSM) and Slaughtering, which contribute 2.4 percent and 1.4 percent to GDP, respectively, according to Pakistan Economic Survey 2024-25. The quarterly pattern highlights continued challenges in LSM, which has consistently weighed down industrial performance in the outgoing fiscal year. Gradual recovery likely in LSM sector, says FD Overall manufacturing growth slowed to 1.3 percent in FY 2025, compared to 3.0 percent last year. This deceleration was primarily driven by a contraction of 1.5 percent in LSM, compared to a modest growth of 0.9 percent in the previous year. In contrast, SSM and Slaughtering grew by 8.8 percent and 6.3 percent, respectively, providing some support to the sector. This marks the third consecutive year of negative growth in LSM, which can be attributed to ongoing structural challenges, elevated input costs, and downturns in critical sectors such as Food, Chemicals, Iron & Steel, and Electrical Equipment. Despite the overall lacklustre performance, nearly half of the LSM sectors demonstrated positive growth, including significant industries such as Wearing Apparel, Textiles, Coke & Petroleum Products, Pharmaceuticals, and Automobiles, according to the survey. However, in March 2025, the growth of LSM registered a Year-on-Year (YoY) increase of 1.8 percent, in contrast to a growth rate of 1.7 percent during the same month in the previous year. On a Month-on-Month (MoM) basis, LSM experienced a decline of 4.6 percent in March2025, following a drop of 5.6 percent in February 2025. The LSM, based on the Quantum Index of Manufacturing (QIM), declined by 1.53 percent during current fiscal 2025, compared to a growth of 0.94 percent last year. The slowdown reflects mixed performance across key industries - declines were observed in chemicals (-5.51%), iron and steel (-10.94%), electrical equipment (-15.89%), and fabricated metal products (-17.16%), while strong growth was recorded in automobiles (40.0%), wearing apparel (7.62%), textiles (2.15%), and petroleum products (4.48%) High input costs, and elevated tax rates, continued to pose headwinds to LSM growth. Copyright Business Recorder, 2025