The online selling giant, Alibaba Group, has launched a payment-based smartwatch.
Alibaba Group Holding has introduced a new product. The Chinese enterprise has recently launched PayWatch, a payments concentrated smartwatch that it aims to crowd fund on its online trading platform, Taobao, beginning October 15. The YunOS-supported product would be offered for $160. It would support electronic payments through the company’s Alipay network. The main method to manage this is through the generation of on-demand QR codes that retailers could examine at the checkout.
Alibaba news affirmed that the smartwatch has not yet announced in English language. It offers various specifications including a dual core central processing unit with 4-gigabytes of storage, 1.63-inch AMOILED display (320 X 320 resolution), and built-in 300mAH battery ( 1.5 days regular usage, with electricity saving method that has claimed to offer 119 hours) and its compatibility with iOS and Android.
Alibaba news today exclaimed that outside the basic AliPay capabilities, users would also be permitted to purchase objects, such as film tickets, monitor the climate, and receive push notifications from their smartphone (via WeChat, emails, calls, and SMS.)
Alibaba breaking News reported that some medical updates are being promoted, including built-in pedometer, motion detection, and heart rate examination. After initially witnessing the product, it seems probable that the company would offer the newly launched gadget at close to cost as a method to make more clients plug into its electronic trading networks and assign credit cards to AliPay accounts.
One would not anticipate that this latest product would be available outside China. It has still not been disclosed the product shipment dates. Industrial analysts have shared the perspective that the introduction of the payment-centered smartwatch would play a significant role in enhancing the image of the Huangzhou-based company and increase its sales revenue and market share in the highly competitive world.
It is most likely that the development of the new device would improve the motivation levels of the South East Asian online selling giant’s workforce and lure prospective buyers towards its platform. One could say that the high-tech gadget would appease patients, as it advertises healthcare features that could prove to be useful for them.
The governments and residents of different countries of the world should welcome the recent initiative, as the online transactions supported by it would contribute to the growth and prosperity of their economies. This would be mutually beneficial for parties as well.
Alibaba should promote its new trader friendly product and operate it in the most effective manner to facilitate online buyers and sellers who have significantly contributed to its profits, sales revenue, and market share else it might not succeed in the competitive market in which different enterprises are formulating strategies and taking measures to go ahead of each other.
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