Posted by Zhang on April 12th, 2010
It’s about Alipay again 
.
Today, Alibaba announced that, the Alibaba Group will invest 5 Billion RMB to Alipay. This is a long-time-investment which will last for 5 years.
Notice that Alibaba Group is not the company named Alibaba.com Limited (HKG:1688), but the mother company of it. Alibaba Group is also the mother company of Taobao and Alipay. However, Alibaba Group has also invested Taobao 5 billion on 2008.
Nowadays, Alipay is the leading company in the 3rd payment service field, and holds nearly 50% market share. So I don’t think this huge investment is for Alipay to expand in China, but to speed up the internationalization process in the world. It’s opponent is now Paypal.
There’s one thing I still wonder: where’s comes the money? From the financial report, Alibaba.com Limited, the most profitable subsidiary of Alibaba Group, earns about 1 billion through a year. Whereas, Alibaba Group is to invest 5 Billion in 5 years. Where can Jack Ma get so much money from?
Posted by Zhang on April 10th, 2010
There’s always big news about Alibaba and its subsidiaries, today is about Alipay.
Gossip from Twitter said that, Alipay is going to acquire a bank. Considering another news about Alibaba’s financing 100 Million via PricewaterhouseCoopers, the news about Alipay is worthy of belief.
Here goes the reason: The bank regulators in China, is launching a new platform for cross-bank transactions. And those 3rd party payment companies such as Alipay, TenPay, BaiduPay, etc, may not able to take advantage of this platform. Once Alipay acquried a bank, it can easily plugged onto the new platform.
However, It’s just a gossip.
Posted by Zhang on October 29th, 2009
This is the 1st hand news from ChinaItBlog. Alipay, the biggest online payment platform in China, is experiencing site downtime on Thursday Afternoon. It’s an accident caused by a careless deployment.
Alipay is considered as “The Paypal of China”, and processes over 1 billion RMB trading everyday . This sudden maintenance has also affected taobao. The users of taobao, are not able to pay for transactions they’ve created.
Alipay said it would be back in an hour, in its annoucement.
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