Chinese Internet giant Alibaba introduced a vending machine for selling cars. The system works as follows: the buyer can take a picture of the car in the street and send a photo using a special program. The program will determine the model and brand of the car and offer the buyer to take the selected car for a test drive. This vending machine looks like a multilevel car-park on special platforms. If wished, the buyer can immediately make a purchase of a car, without using the test-drive service.
During the last trading session, the company's shares have increased by 1.7% and will continue to grow on the news. Trade will be available during the American session, from 14:40 to 21:00 GMT.
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