Alibaba's subsidiary, Alipay has teamed up with Australia's Paymate to launch Chinese shopping platform Hai Wai Bao.
This joint venture between Alipay and Paymate will give Chinese
consumers the opportunity to shop on Australian websites that are
embedded with Paymate's payment tool. No doubt this will be an obstacle
for Paypal, which is believed to have been under an anti-monopolization
investigation by the Australian Competition & Consumer Commission,
for forcing users to use the payment tool, provided by Ebay.
Alipay has signed 200 businesses in 12 countries and regions, including
Japan, Singapore, Canada, the U.S., Australia, New Zealand, South Korea
and Europe, for overseas payment help for Chinese consumers.
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Alibaba's subsidiary, Alipay has teamed up with Australia's Paymate to launch Chinese shopping platform Hai Wai Bao.
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