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Alibaba Online-Payment Affiliate, Alipay, Strikes a Deal With Sina

     
5:38 pm on Jan 8, 2014 (gmt 0)

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Alibaba Group Holding Ltd.'s online-payment affiliate struck a deal with Sina Corp. to launch an online-payment service, as competition rises between the e-commerce company and rival Tencent Holdings Ltd.

The affiliate, called Alipay, said on its official microblog account that the new service allows users of Sina's Weibo microblog service to make online and offline payments through their Alipay accounts. Alibaba Online-Payment Affiliate, Alipay, Strikes a Deal With Sina [online.wsj.com]