Alibaba's Platforms to Accept WeChat Pay
Alibaba's domestic platforms, Taobao and Tmall, will start accepting payments through Tencent's WeChat Pay. This move integrates WeChat, a major rival to Alibaba's Alipay in China's online payment market. Tencent has invested in other e-commerce platforms, including Alibaba competitors like JD.com and PDD Holdings.
- Country:
- China
Alibaba's domestic platforms, Taobao and Tmall, will start accepting payments via Tencent's WeChat Pay, a source revealed.
This integration bridges Alibaba's platforms with WeChat, Alipay's major competitor in China's online payment arena.
Tencent has historically invested in other e-commerce giants like JD.com and PDD Holdings. Alibaba has yet to comment on this development.
(With inputs from agencies.)
- READ MORE ON:
- Alibaba
- Taobao
- Tmall
- WeChat Pay
- e-commerce
- online payments
- Alipay
- Tencent
- JD.com
- PDD Holdings
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