Xianyu, Alibaba Group’s online trading platform for secondhand goods, will launch two AI-embedded products this year to improve transaction efficiency, said its president Ding Jian on Friday at the ongoing 2024 China International Fair for Trade in Services.
The two products, named “Smart Product Launch” and “Smart Sales Management”, will use technologies such as image and text generation to help users quickly upload items for sales, as well as offer automatic message replies and price adjustments.
This initiative also aligns with the government’s push for large-scale equipment upgrades and the action of trading in used items for new ones, which was firstly issued in March, aiming to promote investment and consumption.
“Further efforts are needed to drive the digital transformation of the second-hand goods’ circulation industry, to support the high-quality development of the digital economy,” said Ding.