Alibaba stock surged nearly 3% in premarket trading

Tiger Newspress2021-09-28

Alibaba stock surged nearly 3% in premarket trading as Alibaba apps start offering WeChat Pay option after government orders.

China’s Alibaba Group Holding Ltd has begun offering payment services from Tencent Holdings Ltd’s WeChat on a number of its apps, after the government ordered major tech firms to stop blocking each other’s services and links.

Local tech blog 36Kr reported on Tuesday that users of Alibaba’s food delivery app Ele.me, luxury goods app Kaola and e-book app Shuqi can now purchase goods via WeChat Pay, one of China’s most popular online payment options.

Alibaba’s used-goods marketplace app Xianyu and supermarket app Freshippo have also applied for WeChat Pay integration, the tech blog said.

Alibaba confirmed the contents of the report to Reuters. Previously, the main way users could make payments on those apps was via Alipay, from Alibaba’s financial affiliate Ant Group.

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精彩评论

Samuel123win
2021-10-07
Samuel123win
Gogogo
DeMalco
2021-10-06
DeMalco
Finally
mwsi7128
2021-10-01
mwsi7128
Sharing is caring
ChoongHwee
2021-09-29
ChoongHwee
Rebounding
SPOT_ON
2021-09-28
SPOT_ON
ALIBABA GO GO GO
Okie_cheong
2021-09-28
Okie_cheong
Up up up!!! 👏🏻👏🏻👏🏻

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