Comment on AliPay Now Available on Another Japanese E-commerce Giant Rakuten by Alipay Ties with Online Shopping Site Gilt to Facilitate China's Luxury Shoppers - TechNode

['Emma Lee', 'More Emma Lee', '.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 2014-04-22 00:00:00

AliPay, the payment arm of Chinese Internet titan Alibaba, reached cooperation with Japanese e-commerce giant Rakuten to added AliPay as a payment option for purchases on Rakuten Global Market, the cross-border e-commerce unit of the Japnese company. Rakuten is the second Japanese e-commerce service that AliPay announced cooperation this month. Japan has become a popular marketplace for Chinese netizens who want to purchase products overseas, largely due to the depreciation of JPY. The total consumption of Chinese online shoppers in Japanese e-commerce sites surged more than 300% YOY in 2013. As of the first quarter of this year, AliPay is available in more than 100 Japanese e-commerce sites and more than 1,000 platforms globally, according to data from the company.