Alibaba to launch car ‘vend­ing ma­chines’

China Daily (Canada) - - NEWS CAPSULE -

Alibaba said it will launch “au­to­mo­tive vend­ing ma­chines” in China later this year.

The launch fol­lows used car seller Au­to­bahn Mo­tors’ open­ing of its 15-storey show­room in Sin­ga­pore last year, which was billed as the “world’s largest lux­ury car vend­ing ma­chine”.

Au­to­bahn’s vend­ing ma­chine dis­plays ve­hi­cles in 60 slots, with cus­tomers on the ground floor able to choose from a touch­screen dis­play the car they wish to see.

Alibaba will al­low buy­ers to browse cars on their smart­phones and press the buy but­ton, which then re­leases the car from a ver­ti­cal dis­play tower.

Alibaba plans to plug its vend­ing ma­chines into its on­line sys­tem that in­cor­po­rates fi­nanc­ing and data about a car buyer’s credit rating. Buy­ers with a high enough credit rating from Alibaba’s scor­ing sys­tem will be able to drive off in their car af­ter pro­vid­ing a de­posit and pay­ing monthly in­stall­ments there­after.

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