Alipay - Jack continues to eat eBay’s lunch

First, forgive me as I have been distracted by my work with Yahoo! for the last year which left me little time to update Trade Media Blog despite there being so much activity in the industry. drow namesIll do my best to get back into the swing of things but lets start with an update on one of the more dynamic businesses which continues to impress throughout China - Alipay.com - which as of July 6th has become the world’s largest payment platform.

First, forgive me as I have been distracted by my work with Yahoo! for the last year which left me little time to update Trade Media Blog despite there being so much activity in the industry. Ill do my best to get back into the swing of things but lets start with an update on one of the more dynamic businesses which continues to impress throughout China - Alipay.com - which as of July 6th has become the world’s largest payment platform.Alibaba Group’s online payment subsidiary Alipay announced July 6 that it has exceeded 200 million users…The figure puts Alipay ahead of eBay’s (Nasdaq:EBAY) online payment tool PayPal, which has recorded 180 million users, to become the world’s largest online payment platform, and Alipay expects to record higher total transaction volumes than PayPal within the next three years, according to the report.Further, Alipay is seeing great results in its efforts to extend its services beyond consumers as it now supports payments for more than 300 global brands.For example, retailers from Japan, Korea and Italy including Marui Group, Yodobashi Camera Company Limited, IDEN and Forzieri use Alipay`s online payment solution. In addition, Alipay is also providing online payment service to software companies such as McAfee, an U.S.-based security software and solution provider.Furthermore, Alipay has formed partnerships with other online payment and e-commerce solution providers, such as Digital River, one of the leading providers of global e-commerce solutions for software and consumer technology; Global Collect, the world`s premier payment service provider of local e-payment solutions; and Ericsson Internet Payment eXchange (IPX), a global payment andmessaging provider. In addition to cooperating with the leading online payment platforms such as Softbank Payment Service and Asiapay, Alipay has also recently forged payment collaboration with ezPay, the largest online payment company in Taiwan.Now with eBay nearly silent in China, Jack Ma, Alibaba Group’s Founder and CEO, has seemingly eaten their lunch and has started on PayPal’s… and Ericsson Internet Payment eXchange (IPX), a global payment andmessaging provider. In addition to cooperating with the leading online payment platforms such as Softbank Payment Service and Asiapay, Alipay has also recently forged payment collaboration with ezPay, the largest online payment company in Taiwan.Now with eBay nearly silent in China, Jack Ma, Alibaba Group’s Founder and CEO, has seemingly eaten their lunch and has started on PayPal’s…

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