Alibaba's domestic e-commerce platforms will begin accepting Tencent's Wechat Pay as a payment option
04/09/2024 08:59
SHANGHAI, Sept 4 (Reuters) - Chinese e-commerce giant
Alibaba's 9988.HK domestic platforms, Taobao and Tmall, will
begin accepting payments from Tencent's WeChat pay, according to
a source familiar with the matter.
Alibaba is affiliated with the Jack Ma-founded Ant Group's
688688.SS Alipay, which is WeChat's main rival for online
payments in the China market.
Tencent 0700.HK has also been a major investor over the
years in other e-commerce platforms, including major Alibaba
rivals JD.com 9618.HK and PDD Holdings' PDD.O .
Alibaba did not immediately reply to a request for comment.
(Reporting by Casey Hall, Editing by Louise Heavens)
((Casey.Hall@thomsonreuters.com;))