At the 2024 China International Fair for Trade in Services, XianYu's President Ding Jian introduced the public to two new products that leverage artificial intelligence technology to enhance the efficiency of second-hand transactions—"Smart Posting" and "Smart Escrow".
These two products focus on the pre-sale stage of second-hand transactions, providing users with an unprecedentedly convenient experience and efficient service through the deep integration of AI technology. The "Smart Posting" feature uses advanced image recognition technology and natural language processing algorithms to automatically convert users' uploaded product images into precise product descriptions, simplifying the posting process and accelerating the online speed of product information.
Meanwhile, the "Smart Escrow" service offers individual sellers a comprehensive smart management solution, including automatic replies to buyer inquiries, intelligent price adjustment strategies based on market trends, and automatic shipping reminders, ensuring a smooth transaction process.
Currently, these two products are undergoing small-scale testing within the XianYu App and are planned to be officially launched by the end of the year.
While promoting the application of AI technology, XianYu is also striving to build a healthy and trustworthy trading platform. Through big data analysis, XianYu has established a "Fish Power Value" credit evaluation system, providing a quantitative indicator for user credit. Additionally, the platform has introduced a "Mini Court" socialized dispute resolution mechanism, encouraging friendly negotiations among users to jointly maintain platform order.