Comment on Chinese Social Shopping Services Build Their Own Marketplaces by Chinese Social Shopping Sites Seek IPOs Next Year - 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 2014-11-11 00:00:00

Alipay, the online payment solution operated by Alibaba’s finance arm, announced yesterday it would resume supporting Mogujie, one of the leading social shopping services in China. Founded in 2011, Mogujie started as a Pinterest-like social shopping service, earning commissions on referral traffic to e-commerce sites. Trying to get around Alibaba, Mogujie and Meilishuo, another social shopping site that stood out from the crowd of social shopping sites, launched their own marketplaces in late 2013. There was a rumor that Alibaba wanted to acquire the social shopping site. Alipay Wallet, the mobile app of Alipay for both payments and other mobile services, has 190 million users.