Alibaba's cross-border e-commerce division announced the launch of a new AI subscription service on Friday, aimed at increasing revenue for the business. Zhang Kuo, President of Alibaba International Station, revealed in an interview with CNBC that the division is also planning to use stablecoin-like technology to facilitate global payments. Zhang mentioned that this initiative could involve collaborations with banking partners such as JPMorgan.
Alibaba Launches AI Subscription Service to Boost Cross-Border E-commerce
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