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Chinese e-commerce company Alibaba is bringing automotive vending machines to China later this year: the first actually debuted in 2015, but the company is interested in popularizing the concept further. People are reportedly thrilled at the prospect of not having to deal with salespeople and being able to buy a car with just a mobile app.
To buy a car from the machine, one with a credit score of over 750 on Sesame Credit, Alibaba's consumer credit-scoring system, can simply go to a "vending machine" location, select a model on his or her mobile phone, pay a 10 percent initial fee and drive away with the new car, which is specifically catered to the customer. Later, the customer needs to make a monthly payment via Alipay until full payment is completed. The whole process is powered by Alibaba's new "automotive retail model."
To buy a car from the machine, one with a credit score of over 750 on Sesame Credit, Alibaba's consumer credit-scoring system, can simply go to a "vending machine" location, select a model on his or her mobile phone, pay a 10 percent initial fee and drive away with the new car, which is specifically catered to the customer. Later, the customer needs to make a monthly payment via Alipay until full payment is completed. The whole process is powered by Alibaba's new "automotive retail model."