Alibaba's China e-commerce platforms to accept Tencent's Wechat Pay
Changes sourcing in paragraph 1, adds context and industry competition environment in paragraphs 3-9
By Casey Hall
SHANGHAI, Sept 4 (Reuters) -Chinese e-commerce giant Alibaba's 9988.HK domestic platforms Taobao and Tmall will begin accepting payments from Tencent's WeChat pay, Alibaba said in a statement on Wednesday.
Alibaba is affiliated with the Jack Ma-founded Ant Group's 688688.SS Alipay, which is WeChat's main rival for online payments in China.
Tencent 0700.HK has also been a major investor in other e-commerce platforms, including Alibaba rivals JD.com 9618.HK and PDD Holdings' PDD.O. Both JD.com and Pinduoduo already offer WeChat Pay as an option.
According to Alibaba's statement, Taobao and Tmall Group (TTG) have informed merchants about the draft plan to add WeChat Pay as a payment option.
It did not make clear how quickly the service was likely to be completely rolled out to users and Alibaba did not respond to queries about the timing.
In quarterly earnings results released last month, Alibaba said its domestic e-commerce market share had stabilised.
Revenue at the company's domestic e-commerce arm fell by 1%, but the number of purchasers and their purchase frequency increased order growth by double digits.
China's e-commerce landscape was originally set up so that users could only use Tencent's payment system on Tencent-affiliated platforms and Alipay on Alibaba-affliated ones, but the "walled garden" system has gradually broken down.
Since 2021, WeChat users have been able to share links to products on Alibaba's e-commerce platforms, but not complete transactions with WeChat Pay.
Reporting by Casey Hall, Editing by Louise Heavens and Barbara Lewis
Eng oxirgi yangiliklar
Javobgarlikdan voz kechish: XM Group korxonalari har biri faqat ijro xizmatlarini koʻrsatadi va onlayn savdo platformamizdan foydalanish huquqini beradi, bu odamga veb-saytda yoki veb-sayt orqali mavjud boʻlgan kontentni koʻrish va/yoki undan foydalanishga ruxsat beradi hamda uni oʻzgartirishga moʻljallanmagan va uni oʻzgartirmaydi yoki kengaytirmaydi. Bunday kirish va foydalanish huquqi doimo quyidagilarga boʻysunadi: (i) Shartlar va qoidalar; (ii) Risklar haqida ogohlantirish; va (iii) Javobgarlikni toʻliq rad etish. Shuning uchun bunday kontent umumiy maʼlumot sifatida taqdim etiladi. Xususan, shuni esda tutingki, bizning onlayn savdo platformamiz mazmuni moliyaviy bozorlarda biror bitimni amalga oshirishga oid maslahat yoki taklif emas. Har qanday moliyaviy bozorda savdo qilish sizning kapitalingiz uchun jiddiy risk darajasini oʻz ichiga oladi.
Onlayn savdo platformamizda chop etilgan barcha materiallar faqat taʼlim/axborot maqsadlari uchun moʻljallangan va unda moliyaviy, investitsiya soligʻi yoki savdo maslahatlari va tavsiyalar; yoki bizning savdo narxlarimizning qaydlari; yoki har qanday moliyaviy vositalar bilan bitim tuzish maslahati yoki taklifi; yoki sizga kerak boʻlmagan moliyaviy reklama aksiyalari hisoblanmaydi
Har qanday uchinchi tomon kontenti, shuningdek XM tomonidan tayyorlangan kontent, masalan: fikrlar, yangiliklar, tadqiqotlar, tahlillar, narxlar va boshqa maʼlumotlar yoki bu veb-saytda joylashgan uchinchi tomon saytlariga havolalar umumiy bozor sharhi sifatida "boricha" taqdim etiladi va investitsiya maslahatini tashkil etmaydi. Har qanday kontent investitsiya tadqiqoti sifatida talqin qilinsa, siz bunday kontentni investitsiya tadqiqotlarining mustaqilligini ragʻbatlantirish uchun moʻljallangan qonun talablariga muvofiq moʻljallanmagan va tayyorlanmaganligini eʼtiborga olishingiz va qabul qilishingiz kerak, shuning uchun unga tegishli qonunlar va qoidalarga muvofiq marketing kommunikatsiyasi sifatida qaraladi. Mustaqil boʻlmagan investitsiya tadqiqoti va yuqoridagi maʼlumotlarga oid risk haqida ogohlantirishimizni oʻqib chiqqaningizga va tushunganingizga ishonch hosil qiling, unga bu yerdan kirish mumkin.
