Alibaba to start self-service vehicle purchasing

Chinese tech giant said it will build an unusual automotive vending machine in China later this year. To buy a car from the machine the consumer needs to select the car, pay a 10 % initial fee and later continue making a monthly instalments through payment service Alipay until payment is completed. However, such purchase will not be available for everyone – only those, who have a credit score of over 750 on Alibaba’s consumer credit-scoring system will be able to use such vending machines.

Since the beginning of August, Alibaba shares rose 1,5% and continue rising. The trade will be available during American session from 13:40 till 20:00 GMT.

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