Abstract
Alipay is one of the largest and most active online payment companies in China
today. The company is the exclusive payments provider for Taobao and
Alibaba.com, its sister companies under the Alipay Group and currently two of
the largest e-commerce companies in China. This report explores how Alipay has
become one of the largest and most trusted payment companies in China, what
that means to potential partners and competitors, and how the company will
grow in the future. This report is an updated version of the original report
published in Sept. 2007.
Key Findings:
- Alipay' s main function is to serve as the online payment provider for
companies under the Alibaba Group.
- The company charges no service fees to buyers and sellers on Taobao' s
online marketpace
- Multi-channel payment options are available to Alipay users, including
online bank transfer, cash, and direct debit solutions.
- Alipay has signed partnerships with over 300,000 merchants in China.
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