Alibaba Unveils AI-Powered B2B Subscription Service and JPMorgan Blockchain Partnership
Alibaba Group Holding Ltd. is launching a transformative AI-powered B2B subscription service, priced at $20 monthly or $99 annually. The service, set to debut in December with its 'AI Mode' feature powered by the Accio engine, aims to revolutionize supplier discovery, price comparison, logistics, and compliance for businesses.
In a strategic fintech move, Alibaba is partnering with JPMorgan to implement tokenization and blockchain technology for cross-border payments. This collaboration coincides with JPMorgan's expansion of Dubai operations to serve midcap companies globally, signaling growing institutional adoption of blockchain solutions.
"We're using AI to redesign global trade," said Alibaba.com President Kuo Zhang, describing the initiative as a paradigm shift for B2B e-commerce. The announcement was made at the CoCre summit, highlighting Alibaba's dual focus on artificial intelligence and distributed ledger technology to modernize business transactions.