Comment on Alipay’s 10 Years: from Payment Service to Online Finance Pioneer by WeChat Payment: Clear Winner in Tencent-Alibaba Lucky Money War - TechNode

['Tracey Xiang', 'More Tracey Xiang', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar'] Comments for TechNode 2014-12-08 00:00:00

Ten years ago today Alibaba founded Alipay, an online payment and escrow service, to address Chinese consumers’ concerns about online shopping, 19 months after the establishment of Alibaba’s Taobao online marketplace. Now Alipay the payment service is just one of many internet-based financial services under the Ant Financial Services Group. In contrast to the Alipay service on PC, Alipay Wallet has a local lifestyle service channel and a “Service Window”. Alipay Wallet AppAlipay Wallet began actively expanding to offline from last year. Ant Financial Services GroupThe spinoff was first called Small and Micro Financial Services Company and then this October renamed Ant Financial Services Group.