Agentic Commerce Gets Lift from Santander and MasterCard PoC

Santander and Mastercard have completed an agentic payment, billed as Europe's first agentic commerce transaction within a regulated banking environment. It was conducted using Mastercard Agent Pay.

Agentic commerce is an emerging ecommerce category.

The grand vision is to allow purchases to be conducted using Mastercard's payment rails within conversational interfaces.

Pinduoduo's Founder Becomes China's Second Richest Man

Pinduoduo's founder and CEO, and ex-Googler, Colin Huang (also known as 40 year old Huang Zheng), has overtaken Jack Ma as China's second richest man, with a net worth of $45bn. Tencent's Ma Huateng is first with $52bn net worth. Pinduoduo is listed on NASDAQ:PDD.

Jonathan takes Helm at Alibaba

Alibaba.com ("Global Trade Starts Here" (TM)) the e-commerce site has a new leader - Jonathan Liu (who led the development of the firm's payment system, AliPay). The website was started by founder-CEO Jack Ma from his apartment in 1999.