B2Bmarketplace is not a new business idea. It has been evolving since thebeginning of 20th century. Although Online B2B marketplaces areyoung and only emerging for last 2 decades. The technological advancement hastaken B2B industry into a new era of modern business with ecommerce.
Despite the slowadaptation, a significant number of offline sellers are shifting toward B2Becommerce. Though It’s been rapidly growing since its inception. Regardless Itwas not experienced the same in the beginning.
If we look back to history, the first Business 2 Business eCommerce system was implemented in 1982 by French company Minitel. They distributed over 9 million terminals throughout the world. Besides the evolution of internet took over Minitel in 1991. Amazon opened their first online services in 1992. But online B2B trade portals became popular after Alibaba was established in 1999.