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Alibaba's domestic e-commerce platforms will begin accepting Tencent's Wechat Pay as a payment option
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Alibaba's domestic e-commerce platforms will begin accepting Tencent's Wechat Pay as a payment option
Sep 6, 2024 2:47 AM

SHANGHAI, Sept 4 (Reuters) - Chinese e-commerce giant

Alibaba's ( BABA ) domestic platforms, Taobao and Tmall, will

begin accepting payments from Tencent's ( TCTZF ) WeChat pay, according to

a source familiar with the matter.

Alibaba ( BABA ) is affiliated with the Jack Ma-founded Ant Group's

Alipay, which is WeChat's main rival for online

payments in the China market.

Tencent ( TCTZF ) has also been a major investor over the

years in other e-commerce platforms, including major Alibaba ( BABA )

rivals JD.com ( JD ) and PDD Holdings' ( PDD ).

Alibaba ( BABA ) did not immediately reply to a request for comment.

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