China’s Alibaba and ByteDance Embrace Agentic Commerce

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Alibaba and ByteDance are integrating “agentic commerce” into their platforms. This means they are moving beyond basic AI chatbots to AI agents that can autonomously carry out tasks for users, like ordering food, booking travel, and making payments.

key details:

* Alibaba: Updated its Qwen AI chatbot to include these new task-completion features and in-chat payments.
* bytedance: Upgraded its Doubao AI chatbot to handle tasks like ticket bookings through integrations with its eCommerce features on Douyin (the Chinese version of TikTok).
* Industry Shift: This represents a broader shift in the AI industry from focusing on foundational AI models to agentic AI, which aims for greater user engagement and “stickiness.”
* Tencent: also sees potential in AI agents, as indicated by comments from its President Martin Lau.

The article highlights a trend of major Chinese tech companies leveraging AI to create more automated and convenient shopping experiences for their users.