Alibaba to make buying cars as easy as buying a can of Coke

CHINESE e-commerce giant Alibaba plans to introduce car-vending machines in China by the end of the year.

Yu Wei, general manager of the automotive division of Alibaba's Tmall online shopping site, is at the forefront of this revolutionary automobile-dispensing project.

Customers can browse through the selection of cars on their mobile phones. After making a down payment, the car will be delivered to the ground floor of one of these car-vending machines.

"It will make buying cars as easy as buying a can of Coke," Yu said.

Watch the concept video below: