Alibaba to allow payment through Tencent's WeChat Pay for the first time on e-commerce apps
Publishing timestamp: 2024-09-04 06:31:20
Summary
Alibaba's Taobao and Tmall e-commerce platforms will now allow payment through Tencent's WeChat app for the first time, potentially increasing market share in less developed parts of China. This move comes as Alibaba looks to reignite growth in its China e-commerce business amid regulatory scrutiny and competition from rivals like JD.com and PDD.
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Keywords: business news, pdd holdings inc, china, e-commerce, alibaba group holding ltd, technology, jd.com inc, tencent holdings ltd,