Landmark Deal in China’s E-commerce: Alibaba Explores Accepting Tencent’s WeChat Pay for Taobao and Tmall Purchases

Alibaba is set to let Tencent's WeChat Pay be used for purchases on Taobao and Tmall in a groundbreaking agreement. Alibaba is seeking opinions from sellers on the idea of integrating China's second-biggest mobile payment system into the country's top e-commerce platforms.

Alibaba's entities, Taobao and Tmall Group, declared their ongoing pursuit of collaboration and alliances with fellow industry participants in a statement. Meanwhile, Tencent stated that its Weixin Pay is consistently receptive to collaborations that provide consumers with accessible, lawful, and secure transactions.