Alibaba’s Internet Payment Subsidiary Loses Online Retailer In China

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Chinese B2C e-commerce website has published a notice, stating that its cooperation with, the Internet payment subsidiary of Alibaba Group, expired on August 24, 2011, and the company will now stop the use of payment services at

According to, the reason for its termination of the cooperation with is because the service fees charged by the latter are too high, which are reportedly four times higher than, another Chinese Internet payment service provider. said that from now on users will not be able to login to or pay for the orders with their Alipay accounts. If they used Alipay accounts for entering before and want to use the balance and credits of previous accounts, they can apparently submit applications by providing related email addresses.<...

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