Alibaba to allow payment through Tencent's WeChat Pay for the first time on e-commerce apps [MSNBC.com]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
Last alibaba group holding limited american depositary shares each representing eight ordinary share earnings: 2/13 06:45 am
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Source: MSNBC.com
In this articleThe Alibaba Group logo displayed on a mobile phone.Cfoto | Future Publishing | Getty ImagesChinese tech giantTencent's Alipay is run by Ant Group, an affiliate of Alibaba that was also founded by Jack Ma."We have always been open to collaborations, and have actively explored interoperability and partnerships with our peers," an Alibaba spokesperson told CNBC. "We are constantly working to enhance user experience by making shopping more convenient, enjoyable, and efficient."Taobao and Tmall will likely begin accepting payments throughThe historic move comes as Alibaba looks to reignite growth in its China e-commerce business, which hasbeen under pressureJD.comPDDAlibaba CEO Eddie Wu has previously said that the Taobao and Tmall business should return to growth toward the latter half of the firm's fiscal year 2025.WeChat has more than 1.3 billion users globally, the majority of whom is located in China. WeChat Pay is one of the biggest mobile payments apps in the country.
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BABA
Earnings
- 8/15/24 - Beat
BABA
Sec Filings
- 9/13/24 - Form 6-K
- 9/9/24 - Form 6-K
- 9/6/24 - Form 6-K
- BABA's page on the SEC website