Alibaba Explores JPMorgan’s Tokenized Payments for B2B
Alibaba is testing JPMorgan’s tokenized deposit system (JPMD) to speed up global B2B payments. The goal is to cut delays and high fees often caused by multiple banks and currencies.
JPMD is a digital version of traditional currencies like the U.S. dollar and euro. It allows money to move on blockchain networks, reducing intermediaries. Alibaba plans to collaborate with JPMorgan to launch this new payment method.
Alibaba President Kuo Zhang said the company is also considering the future use of stablecoins in specific cases.
Alibaba Launches AI Mode for Smarter Supplier Search
The company introduced AI Mode, a new AI-powered subscription tool that helps buyers compare suppliers easily. It filters options based on price, production capacity, shipping, and reliability.
This tool aims to replace manual searches by collating supplier data in one place. Zhang highlighted that many businesses are embracing AI for complex global supply chains.
Alibaba may price AI Mode at around $20 per month or $99 per year, adding a new revenue stream for its platform.
Upcoming AI-Powered Contract Drafting Tool
In December, Alibaba plans to release agentic pay, an AI tool that drafts contracts between buyers and suppliers. It will analyze previous messages to create contract drafts automatically.
This feature targets the current slow process, where contracts are prepared offline and uploaded manually. Both parties will review and approve the AI-generated drafts, speeding up communication.
