Ma Yun founded the website 1688 in the predecessor of Alibaba 1999. 1688 is now the flagship business of Ali Group and the leading domestic e-commerce platform for small enterprises. 1688, as a subsidiary of Ali Group, represents the interests of enterprises in the CBBS e-commerce system, provides business opportunity information and convenient and secure online transactions for tens of millions of buyers and suppliers around the world, and is also a real interactive community where businessmen and chambers of commerce are friends. 1688 takes the wholesale procurement business as the core, enhances the customer experience through specialized operation, and comprehensively optimizes the business model of enterprise e-commerce. 1688 has covered raw materials, industrial products, clothing, household department stores, small commodities and other 16 industry categories, providing a series of supply services from raw material procurement-production and processing-spot wholesale.