This article first appeared on GuruFocus.
Alibaba Group Holding Ltd. (BABA, Financials) is working with JPMorgan Chase & Co. to bring tokenized payments and new artificial intelligence services to its global wholesale platform, Alibaba.com.
Kuo Zhang, president of Alibaba.com, told CNBC that the collaboration will use JPMorgan’s blockchain-based technology to handle cross-border transactions in real time. The payment system will function much like a stablecoin network but remain under existing banking regulations.
Alongside the payment upgrade, Alibaba.com introduced AI-driven subscription tools designed to connect buyers and suppliers more efficiently. The new features offer automated sourcing suggestions and digital assistants that can help manage pricing, logistics, and deal negotiations.
The effort underscores Alibaba’s push to modernize cross-border commerce and keep pace with global demand for faster, more transparent trade. Working with JPMorgan could help the company lower transaction costs and expand its reach among small and midsize exporters.