Alibaba and Apple in Talks Over China-Focused Payments Partnership

An Alibaba executive said today that the Chinese e-commerce company and Apple are currently in talks over a partnership to provide a payments solution for China, reports The Wall Street Journal. The comments were shared by Alibaba Executive Vice Chairman Joseph Tsai, who also noted that the partnership would focus on Apple's presence in China and that the details are still being worked out.

alibaba_apple
A partnership between both companies could potentially see Alibaba's Alipay electronic payments service integrate with Apple Pay to provide a comprehensive mobile payments solution for the Chinese market. The comments from Tsai come weeks after Alibaba founder Jack Ma noted that he was interesting in teaming up Apple in the payments sector.

Earlier this year, Alipay overtook PayPal to become the largest mobile payments platform in the world with an estimated $150 billion in transactions processed in 2013. Alibaba also noted that the service has 300 million registered users and 100 million mobile users. Integrating Alipay with Apple Pay would be the latest move by Apple to expand its presence in China, which has grown over the past few years. Last year, Apple struck a deal with country's biggest carrier China Mobile and has opened a number of new retail stores in populated areas like Shanghai and Shenzhen.

Tag: wsj.com

Top Rated Comments

Kissaragi Avatar
79 months ago
Any company thats beating paypal gets my full support!
Score: 8 Votes (Like | Disagree)
CB1234 Avatar
79 months ago
I wonder if MCX are in talks as well with the Chinese to role out CurrentC in China....

/s
Score: 6 Votes (Like | Disagree)
MacTCE Avatar
79 months ago
This will be a huge boost for ApplePay. Glad to see this is happening.
Score: 5 Votes (Like | Disagree)
JeffyTheQuik Avatar
79 months ago
I think the deal is very near being finalized.

They usually don't talk much until then.
Score: 4 Votes (Like | Disagree)
Parasprite Avatar
79 months ago

What issue do you have with Paypal? Actually I wished it would've expanded more into the retail sector rather than just being online. It's a very convenient way to pay for stuff.


It's great as a buyer.

It's absolute hell as a seller.
Score: 3 Votes (Like | Disagree)
discuit Avatar
79 months ago

Last year, Apple struck a deal (https://www.macrumors.com/2013/12/04/apple-finally-signs-deal-with-china-mobile-for-december-iphone-launch/) with country's biggest carrier China Mobile and has opened a number of new retail stores in populated areas like Shanghai (https://www.macrumors.com/2013/10/23/new-two-story-shanghai-apple-retail-store-opens-saturday-at-the-iapm-mall/) and Shenzhen (https://www.macrumors.com/2012/10/29/apple-retail-roundup-palo-alto-store-hurricane-sandy-preparations-shenzhen-store/)


Well, I would hope they're not opening retail stores in the wilderness.
Score: 3 Votes (Like | Disagree)

Top Stories

14

Apple Releases iOS 14.2.1 With Fix for Text Message Bug and iPhone 12 Mini Lock Screen Issues

Thursday November 19, 2020 10:16 am PST by
Apple today released iOS 14.2.1, a bug fix update that comes two weeks after the launch of iOS 14.2 and is available for Apple's new iPhone 12 models. The iOS 14.2.1 update can be downloaded for free and it is available on all eligible devices over-the-air in the Settings app. To access the new software, go to Settings > General > Software Update. According to Apple's release notes, iOS...
maxresdefault

CrossOver Allows x86 Windows Apps to Run on Apple M1 Macs

Wednesday November 18, 2020 6:07 pm PST by
Codeweavers posted a blog post and video tonight showing off CrossOver running on an Apple M1 MacBook Air. This video shows Team Fortress 2 running on a new M1 MacBook Air: CrossOver is software (based on Wine Project) that runs Microsoft Windows apps on the Mac by translating Windows APIs into their Mac equivalents. The Codeweavers team was able to run the current version of CrossOver on...
m1 mac mini vignette

Apple Lists M1-Based Mac Mini Logic Boards With 10 Gigabit Ethernet in Internal Parts Ordering System

Friday November 20, 2020 9:32 am PST by
While the new Mac mini with the M1 chip is only available with Gigabit Ethernet, Apple has listed multiple M1-based Mac mini logic boards with 10 Gigabit Ethernet in an internal parts list for Apple Authorized Service Providers. For every Mac mini logic board with Gigabit Ethernet in the parts list, obtained by MacRumors, there is a corresponding logic board with 10 Gigabit Ethernet:...
Walmart November Deals Hero

Black Friday Spotlight: Walmart Will Have AirPods Pro Down to Lowest Price of $169, and More Apple Deals

Thursday November 19, 2020 8:05 am PST by
We've been tracking early Black Friday deals in our dedicated Black Friday Roundup, and in an effort to prepare our readers for the big shopping event we're highlighting sales store-by-store in the lead-up to November 27. Note: MacRumors is an affiliate partner with Walmart. When you click a link and make a purchase, we may receive a small payment, which helps us keep the site running. Next ...
iOS14AntitrackFacebookSadfeature

Apple Confirms Commitment to App Tracking Transparency in Letter Condemning Facebook's Data Collection [Updated]

Thursday November 19, 2020 11:58 am PST by
Apple in iOS 14 is planning to introduce a new App Tracking Transparency feature that will let users know when companies want to track them across apps and website. Following outcry from developers like Facebook and ad networks unprepared for the change, Apple delayed the implementation of the anti-tracking functionality until early 2021. Eight civil society organizations recently sent a...
new m1 chip

Craig Federighi: Native Windows on M1 Macs is 'Really up to Microsoft'

Friday November 20, 2020 11:57 am PST by
Following the release of the M1 Macs Apple executives have been doing interviews with a range of publications, and today, Ars Technica published another interview with software engineering chief Craig Federighi, hardware technologies lead Johny Srouji, and marketing VP Greg Joswiak. Much of the interview focuses on topics that the three have already covered in prior discussions, but there is ...
iphone 12 green glow

Apple Investigating Display Issues With iPhone 12 Models, Including Flickering and Green/Gray Glow

Wednesday November 18, 2020 11:20 am PST by
In an internal document obtained by MacRumors, Apple has acknowledged an issue with some iPhone 12 displays exhibiting flickering, a green or gray glow, or other unintended lighting variations under some conditions. In the document, shared with Apple Authorized Service Providers this week, Apple says that it is aware of customer reports related to this issue and is investigating. Apple has...
iOS14

Apple Releases Revised Version of iOS 14.2 for iPhone 12 Owners

Wednesday November 18, 2020 3:55 pm PST by
Apple appears to have released a revised version of iOS 14.2 that's available to those who have an iPhone 12 device and who have not previously installed the iOS 14.2 update. It's not clear why Apple has released a new version of iOS 14.2, but it may include minor bug fixes, perhaps for installation issues. The updated software has a build number of 18B111, while the original release has a...
app store 15 percent feature

App Store Fee Cut Attracts Criticism From Major Developers Like Spotify and Epic

Wednesday November 18, 2020 8:39 am PST by
A number of industry players, including Spotify, Epic Games CEO Tim Sweeney, and Basecamp CTO David Heinemeier Hansson, have today criticized Apple's move to launch a new App Store Small Business Program that will halve App Store fees for small business owners and independent developers (via The Verge). After Apple announced the new program, Spotify released a statement saying that it...
macbookpro13large

Apple Offers Instructions on What to Do if macOS Big Sur Causes Installation Errors on 2013 and 2014 MacBook Pro

Thursday November 19, 2020 6:12 pm PST by
Following the release of macOS Big Sur last week, a number of 2013 and 2014 MacBook Pro owners found that the update bricked their machines. Affected users saw their Macs get stuck displaying a black screen after attempting to install the new software. Apple has now addressed this issue in a new support document that provides instructions on what to do if macOS Big Sur can't be installed on...