Alipay launched a new capability under its "AI Pay" service, enabling payment services for users in delegated transaction scenarios. Following the full integration between Qianwen and Taobao in the AI-powered shopping process, users can experience the "AI Bargain Hunt" function. Related News JPM Raises BABA-W (09988.HK) TP to HKD200, Says Alibaba Cloud Value Yet to Be Fully Priced InAfter setting a target, users can achieve AI-assisted purchasing with "one instruction, one authorization, expiry after use."Within the Taobao app, users submit their requirements to the AI shopping assistant. Alipay "AI Pay" generates a one-time authorization setting for the specific purchase task. After users complete identity verification and authorization, the AI monitors prices and places orders according to the specified requirements. Related News HSBC Research Raises BABA-W (09988.HK) TP to HKD176, Optimistic on AI Commercialization Inflection PointCurrently, the "AI Bargain Hunt" feature supports purchases of items priced within RMB1,000.
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