Chases Rival With New Internet Payment Deal

News Source:, Alibaba's third-party Internet payment subsidiary, and, the Chinese branch of the U.S.-based Internet electronics and digital products retailer, have reportedly formed a strategic partnership.

According to reports in Chinese local media, the two parties will enhance their cooperation in market operations. The will promote convenient login and convenient payments; and the two companies will implement cross-platform activities depending on the vendor resources of The two parties also plan to expand their cooperation into other sectors, including mobile payment products, offline payment products, and enterprise internal settlement services.

Zhou Qiping, director of, said the Chinese market is the second largest global market for Inc. With the partnership, the two parties will strengt...

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