Alibaba’s Alipay Launches New Online Payments Service

Alipay, Alibaba’s online payments affiliate, is teaming up with Sina Corp to launch a new online payments service.

The Wall Street Journal reported on Jan. 7 that the service integrate’s with Sina Corp’s Weibo microblogging website. Weibo is China’s version of Twitter.

According to the Journal, Alibaba acquired an 18 percent stake in Weibo in 2013.

Alibaba has made several serious moves in the past year to shore up its position as one of the region’s top eCommerce players. Get Market Platform Dynamics CEO Karen Webster’s take on the company by clicking here.

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