Zhuanzhuan to Invest $275M in New AI Division
Deal News | Apr 02, 2025 | Aim Group
China-based Zhuanzhuan Group has announced its plans to establish a new AI Division, aiming to address challenges within the secondhand goods marketplace and enhance user experience. Under the leadership of CEO Huang Wei, Zhuanzhuan is set to invest a substantial sum of approximately RMB2.0 billion ($275 million) over the next three years. The investment aims to develop AI tools capable of solving non-standard problems inherent in secondhand transactions by integrating trust issues with closed-loop data in a customer-to-business-to-customer (c-to-b-to-c) framework. The new division, named ZAI (Zhuanzhuan AI Division), will innovate through the creation of solutions such as ZAIBA, ZAIYA, and ZAIMA - advanced tools designed to streamline the buyer experience and testing processes. Additionally, Zhuanzhuan has initiated a global AI talent recruitment program to support its ambitious AI strategy. The announcement of this AI division follows Zhuanzhuan's recent commissioning of Shangyue Technology to develop digital enterprise procurement services, marking its continued efforts to enhance technological capabilities.
Sectors
- E-commerce
- Artificial Intelligence
- Technology
Geography
- China – Zhuanzhuan is a China-based company, and the initiative involves expanding its technology capabilities within this geography.
Industry
- E-commerce – Zhuanzhuan operates within the e-commerce sector as an online marketplace focusing on the buying and selling of secondhand goods.
- Artificial Intelligence – The article discusses Zhuanzhuan's significant investment in establishing an AI division to develop tools and improve marketplace functionality.
- Technology – The overall strategic direction involves leveraging technology to enhance user experience and operational processes.
Financials
- $275 million – Investment amount by Zhuanzhuan in the new AI division over the next three years.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Zhuanzhuan Group | Company Investing in AI Division | Company | A general goods marketplace based in China, focusing on secondhand transactions. |
| Huang Wei | CEO of Zhuanzhuan | Person | Chief Executive Officer of Zhuanzhuan Group, leading the AI investment and recruitment plans. |
| Shangyue Technology | Service Provider for Enterprise Procurement | Company | Commissioned by Zhuanzhuan to build a digital enterprise procurement service. |