Baoyou Cheng

Title: Baoyou Cheng: Innovator in Transaction Processing Technology

Introduction

Baoyou Cheng is a notable inventor based in Hangzhou, China. He has made significant contributions to the field of transaction processing technology. His innovative approach has led to the development of a unique method for handling transaction information related to commodity objects.

Latest Patents

Cheng holds a patent for a "Method and apparatus for processing transaction information for commodity object." This patent outlines a method that includes receiving a request for purchasing a commodity object and generating a transaction order based on that request. The transaction order encompasses transaction amount information, details about the seller, and information about the buyer. Additionally, the method involves setting a fund amount in a frozen state in the buyer's account and transferring it to the seller's account after a specified time period. This process also includes calculating and transferring any income generated from the frozen funds back to the buyer's account.

Career Highlights

Baoyou Cheng is currently employed at Alibaba Group Holding Limited, a leading multinational technology company. His work at Alibaba has allowed him to apply his innovative ideas in a practical setting, contributing to the company's advancements in e-commerce and transaction processing.

Collaborations

Cheng has collaborated with notable colleagues, including Xichun Liu and Xiangfei Huang. Their teamwork has fostered an environment of innovation and creativity, leading to the development of impactful technologies.

Conclusion

Baoyou Cheng's contributions to transaction processing technology exemplify the spirit of innovation. His patent and work at Alibaba Group highlight his role as a key player in advancing the field.