China – Tmall, a subsidiary of the e-commerce giant, is to introduce its Automotive Vending Machine later this year. Consumers will be able to use a smartphone app to browse and buy the available cars.
While not the first of its kind – Autobahn Motors launched a similar automobile vending machine model in Singapore earlier this year – the involvement of Alibaba, which boasts about 454m active buyers according to Statista, will move the retail model towards mainstream adoption.
The e-commerce brand internally credit checks potential buyers, after which consumers will make a 10% down payment, paying the remaining cost in monthly instalments through Alipay. As noted in our Retail Week Live 2017: Show Review, Alibaba continues to evolve and expand its e-commerce eco-system.