ALIBABA Group Holding Ltd. is open to working with eBay Inc.’s PayPal to expand its payment options, Bloomberg reported, citing an interview with the Chinese e-commerce company’s vice chairman.
“If you look at our footprint of being the largest online payment company in China, and PayPal’s position of having a very good international position, not just in the United States but also in some other countries, these are some complementary footprints,” Joseph Tsai said Monday in eastern China’s Hangzhou City.
Alibaba reported more than US$9 billion in sales on China’s Singles’ Day on Tuesday.
The company also sees Apple Inc.’s payment system as helping Chinese consumers when Alibaba’s financial services arm, Alipay, is not accepted, Tsai said.
In September, eBay said it would spin off PayPal into a publicly traded company in the second half of 2015.(SD-Agencies)
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