Alipay: Alibaba's Payment Arm (2008 update)
Alipay is one of the largest and most active online payment companies in China today. In this report, we investigate how Alipay fits under founder Jack Ma’s master plan for the Alibaba Group and explain the working relationship between Alipay and its sister companies Taobao and Alibaba.com, two of the largest e-commerce companies in China today.
· 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 marketplace.
· 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.
Maverick China Research is a China-based market research firm founded in 2006. We provide business-to-business research and market entry services for clients seeking opportunities in China. We have published over 20 major reports on key industry sectors and companies in China and provide tailored research and consulting services to clients from a broad range of sectors; areas of expertise include electronic payments and e-commerce, telecommunications, agriculture and medical devices. Typical projects include feasibility studies, partner searches, due diligence, and long-term sector tracking.
Published: August 2008
Length: 34 pages
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