elgato
Joined: 24 Feb 2005
Posts: 17237
Location: Texas
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| Posted: Tue Mar 16, 2010 11:24 am Post subject: eBay and Alibaba in talks to bring PayPal to AliExpress? |
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eBay is in talks with Alibaba to get PayPal offered as a payment option on the new AliExpress wholesale marketplace, according to rumours appearing in the WSJ.
The two companies have long been rivals, but an alliance could now make sense. Insiders say that merchants, particularly in the US, are unhappy with using Alibaba’s own payment system Alipay, and are demanding the facility to use PayPal. For PayPal, Alibaba could offer the potential for huge expansion in the Chinese market.
Alibaba’s PR department has said that the company will decide whether to adopt other payment tools based on user demands. Merchants outside China are likely to favour PayPal over many alternatives: Alipay is unfamiliar, and bank transfers to China are expensive and the costs are borne by buyers. PayPal, on the other hand, offers the cashflow-speeding possibility of spending your earnings directly on new stock, something that newer and smaller traders value intensely.
more.. link to news article |
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elgato
Joined: 24 Feb 2005
Posts: 17237
Location: Texas
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| Posted: Wed May 05, 2010 6:19 pm Post subject: Re: eBay and Alibaba in talks to bring PayPal to AliExpress? |
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Related:
"UPS Becomes Preferred Provider for AliExpress Wholesale Marketplace"
UPS has formed a strategic alliance with AliExpress, a new online wholesale marketplace launched by Alibaba.com. AliExpress allows suppliers to manage their shipping and tracking processes online via UPS shipping technology integrated into the AliExpress platform. Many of the suppliers who sell on AliExpress are long-time members of Alibaba.com and have been working with overseas buyers for years through the site. The initial supplier base includes companies from mainland China, but the platform eventually will be open to international suppliers as well.
UPS Vice President of e-Commerce Marketing Jordan Colletta said UPS was committed to the growth of China's involvement in global ecommerce as part of its overall strategy.
more.. link to news article |
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