Alibaba reportedly open to working with Apple on payments

Tuesday 28 October 2014 10:34 CET | News

Alibaba Group executive chairman Jack Ma has reportedly unveiled that he is open to working with Apple on mobile payments, as he prepares to call on Hollywood this week in search of media partners.

Alibaba, which allegedly handles more ecommerce transactions than and eBay combined, does not have much of a presence among American retail customers and Ma has stated that his focus for now was on serving his Chinese clientele.

Ma has added that he wanted to work on selling American and European products to China, reversing the typical flow of goods over the past 10 to 15 years.

Alibaba has acquired some smaller American companies such as niche online retailer 11Main and Ma said he will continue to invest in the US.

In recent news, Chinese ecommerce company Alibaba has changed the name of its Alipay financial services affiliate to Ant Financial Services Group.

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Keywords: Alibaba, Apple, payments , Jack Ma, mobile payments, Chinese, China,, eBay
Categories: Payments & Commerce
Countries: World
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