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04-19-2017, 04:22 PM
China's answer to PayPal is coming to the rest of Asia
http://i.amz.mshcdn.com/oXjJqBh9UmKezU8F_PH8hmTOE4A=/575x323/filters:quality(90)/https%3A%2F%2Fblueprint-api-production.s3.amazonaws.com%2Fuploads%2Fcard%2Fima ge%2F451244%2Fe89ac968-6eb4-4b10-8877-2a5078905fcb.jpghttp://a.amz.mshcdn.com/assets/feed-tw-e71baf64f2ec58d01cd28f4e9ef6b2ce0370b42fbd965068e9 e7b58be198fb13.jpg (http://twitter.com/share?via=Mashable&text=China%27s+answer+to+PayPal+is+coming+to+the+r est+of+Asia&url=http%3A%2F%2Fmashable.com%2F2017%2F04%2F19%2Fa libaba-merge-hellopay%2F%3Futm_campaign%3DMash-Prod-RSS-Feedburner-All-Partial%26utm_cid%3DMash-Prod-RSS-Feedburner-All-Partial)http://a.amz.mshcdn.com/assets/feed-fb-8e3bd31e201ea65385a524ef67519d031e6851071807055648 790d6a4ca77139.jpg (http://www.facebook.com/sharer.php?u=http%3A%2F%2Fmashable.com%2F2017%2F04 %2F19%2Falibaba-merge-hellopay%2F%3Futm_campaign%3DMash-Prod-RSS-Feedburner-All-Partial%26utm_cid%3DMash-Prod-RSS-Feedburner-All-Partial&src=sp)
China's biggest mobile payments platform is spreading to the rest of Asia.
Alipay, from ecommerce giant Alibaba, has a whopping 450 million users in China, who use their phones to pay friends, buy stuff online, and even offline at restaurants and merchants.
On Wednesday, Ant Financial, which runs Alipay, an**unced its merger (https://www.techinasia.com/ant-financial-merge-hellopay-group) with HelloPay.
SEE ALSO: Ecommerce in China: How the World's Biggest Market Buys Online (http://mashable.com/2012/05/20/ecommerce-china/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
HelloPay is the three-year-old payment platform created by ecommerce site, Lazada, which has been dubbed the "Amazon of Southeast Asia (http://www.cnbc.com/2017/03/31/what-happens-when-the-amazon-of-southeast-asia-meets-amazon.html)."
Last year, Alibaba bought a controlling stake in Lazada, in a deal worth approximately $1 billion (https://www.wsj.com/articles/alibaba-to-invest-1-billion-in-e-commerce-startup-lazada-1460445117). Read more... (http://mashable.com/2017/04/19/alibaba-merge-hellopay/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
More about Mobile Payment (http://mashable.com/category/mobile-payment/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), E Commerce (http://mashable.com/category/e-commerce/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), China (http://mashable.com/category/china/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Hellopay (http://mashable.com/category/hellopay/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Alibaba (http://mashable.com/category/alibaba/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/k9Iv__11adU
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China's biggest mobile payments platform is spreading to the rest of Asia.
Alipay, from ecommerce giant Alibaba, has a whopping 450 million users in China, who use their phones to pay friends, buy stuff online, and even offline at restaurants and merchants.
On Wednesday, Ant Financial, which runs Alipay, an**unced its merger (https://www.techinasia.com/ant-financial-merge-hellopay-group) with HelloPay.
SEE ALSO: Ecommerce in China: How the World's Biggest Market Buys Online (http://mashable.com/2012/05/20/ecommerce-china/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
HelloPay is the three-year-old payment platform created by ecommerce site, Lazada, which has been dubbed the "Amazon of Southeast Asia (http://www.cnbc.com/2017/03/31/what-happens-when-the-amazon-of-southeast-asia-meets-amazon.html)."
Last year, Alibaba bought a controlling stake in Lazada, in a deal worth approximately $1 billion (https://www.wsj.com/articles/alibaba-to-invest-1-billion-in-e-commerce-startup-lazada-1460445117). Read more... (http://mashable.com/2017/04/19/alibaba-merge-hellopay/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
More about Mobile Payment (http://mashable.com/category/mobile-payment/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), E Commerce (http://mashable.com/category/e-commerce/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), China (http://mashable.com/category/china/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Hellopay (http://mashable.com/category/hellopay/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Alibaba (http://mashable.com/category/alibaba/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/k9Iv__11adU