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Taobao Plans to Add WeChat Pay, What’s the Impact on Alipay?

WeChat said, at present and Taobao platform merchant function adaptation is opening, the specific on-line time please pay attention to Taobao platform announcement.

On Wednesday (September 4), Taobao plans to access WeChat Pay news is spreading, and on the microblogging hot search.

In this regard, WeChat responded that the current functional adaptation with Taobao platform merchants are opening, the specific on-line time please pay attention to Taobao platform announcement.

WeChat said that WeChat Pay always upholds the concept of open cooperation, and actively explore interoperability and cooperation between various fields. Previously, WeChat Pay has been with the UnionPay cloud flash payment, Jingdong Pay, the three operators' payment platforms, digital RMB and other successive payment interoperability cooperation, the future will also continue to explore, in order to protect the security of the transaction on the basis of the continued provision of convenience for users.

Subsequently, Taobao Tmall also released an announcement that in order to enhance the consumer shopping experience, Taobao plans to add WeChat payment capabilities, and after the end of this collection of opinions, the platform rules adjustment. It is understood that this adjustment will cover all Taobao and Tmall merchants.

Taobao Tmall further said that it always upholds the concept of open cooperation, and actively explore interoperability and cooperation with various platforms, and constantly improve the consumer shopping experience, so that consumers' shopping is more convenient, enjoyable and efficient.

From the response of both sides, Taobao access to WeChat Pay will be just around the corner, which will also be a landmark event for interoperability between the two Chinese Internet giants, Alibaba and Tencent, and will further promote interoperability between domestic Internet platforms.

There are rumors that the relevant functions may be online as early as the end of this month. According to media reports, Taobao Tmall access to WeChat Pay negotiations actually began half a year ago, and was initiated by Taobao.

Why Taobao in the docking WeChat payment negotiations so proactive, some people in the e-commerce industry that the cooperation between the two sides is conducive to help Taobao Tmall to expand the user market, to promote the turnover rise. This is a favorable factor for Alibaba, which is shifting the company's focus back to e-commerce.

Taobao access WeChat Pay, Alibaba's own son “Alipay” and how much impact it will have.

Broadcom consulting analyst Wang Pengbo believes that, overall, Taobao and WeChat Pay cooperation on Alipay is not much impact. From the actual effect, Taobao is not the first time to introduce more payment companies, Alipay also more than once to Taobao access to the new payment channel, Taobao's payment page is still preferred to Alipay, the future of Alipay still provide services for Taobao.

Wang Pengbo pointed out that Taobao's introduction of WeChat Pay will also further “liberate” Alipay. Before the two sides agreed somewhat vaguely mutual not to get involved in each other's business areas, with the two sides more independent development, before Alipay can not do the incremental business can also be greatly generous to promote the business is expected to e-commerce business in Alipay's revenue will gradually increase the proportion of this is also another good thing.

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