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    Ali 2024 - Part - 27

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    Lieder CL

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    © All Rights Reserved
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    Ali 2024 - Part - 27

    Uploaded by

    Lieder CL
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    Original Title

    Ali 2024_Part_27

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    Copyright:

    © All Rights Reserved
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    1 views1 page

    Ali 2024 - Part - 27

    Uploaded by

    Lieder CL

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    Textile company expands into niche # Creating Possibilities

    # New Consumption Trend


    markets and captures new business
    opportunities in recycled material
    clothing through Alibaba.com
    Mengqi Pan, founder of Tianruiyi, a textile and clothing export
    company based in Shengze, Suzhou, has been in the apparel
    business for over a decade. In 2019, his business hit a bottleneck, but
    he found new life after the discovery of Alibaba.com. The platform
    allowed him to garner insights and unlock opportunities in the niche
    market for clothing made of recycled materials.

    To encourage exporters that focus on manufacturing products with


    recycled materials, Alibaba.com provides their online storefronts
    with additional customer traffic. While the cost of recycled materials
    is generally higher, a community of global buyers on Alibaba.com
    is willing to pay the premium, presenting more potential business
    opportunities to exporters in this sector. Currently, the recycled
    materials used in Pan's clothing production are not limited to plastic
    bottles. They also include coffee grounds, fishing nets, oyster shells,
    and other marine waste.

    “Clothing companies typically have little


    interest in manufacturing clothing from
    recycled materials due to its high production
    costs and time-consuming process.
    Fortunately, Alibaba.com is witnessing
    a growing demand for clothing made of
    recycled materials from its global buyer base,
    which allows our products to reach global
    markets, including Europe, the U.S., Mexico,
    Canada, and Australia, among others.”

    Mengqi Pan,
    Founder, Tianruiyi

    Fiscal Year 2024 Annual Report 33

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