NetEase Information Technology News of 3 June announced today the official PayPal website, in the routine examination for bilateral cooperation, from the beginning of the year on 3 August PayPal is not as Ali AliExpress payment platform.
PayPal and Alibaba in April 27, 2010 was a collaboration. Under the agreement on AliExpress companies provide the customer with fast and secure payment method than PayPal.
Alibaba launched in 2009 AliExpress test version, and in 26 April 2010 launch of the official version. According to Alibaba quarter results this year showed that there about 40,000 sellers on the platform of goods more than 500 million, sales have doubled in six months. Alibaba is the result of senior management at the end of the meeting said AliExpress total transaction value of nearly quadrupled, and its growth is still very strong.
Informed sources at the two companies to stop cooperation, particularly on PayPal and eBay aspects Alibaba AliExpress began in the area of foreign trade to ensure competition. Paypal company declined comment.
Alibaba expressed AliExpress our customers with different payment channels is the goal of the company to customers with the services they need, we will also continue to offer customers around the world and diverse, secure payment processing.
PayPal said in his blog, will remain in business in China in 2010 exceeded the PayPal payment throughout the Greater China 4.4 billion, an increase of 44%. (Ma if)
Following is the Director of Corporate Communications Asia Pacific PayPal Dickson Seow's article in the official blog:
In order to ensure high quality services to customers around the world, PayPal always keep to the regular assessment of their business processes and relationships with business partners. Cooperation in the periodic review of, we decided: 3 August from the beginning of this year, PayPal will no longer be as Ali AliExpress (AliExpress) payment platform. Here we will inform customers of these changes so that we know time and be prepared. We value and Ali last year AliExpress (AliExpress) business cooperation and wish them every success in the future.
PayPal will continue to establish themselves in China, Chinese companies continue to provide secure and easy-to-use method of payment, to help them sell the number of PayPal around the world, millions of users. At the same time, PayPal's business is still strong growth momentum in 2010, retained exceeded PayPal payment in the Greater China 4.4 billion, an increase of 44%. We are open to witness PayPal in China new business further, new products and services help companies deploy the growth of their businesses in China for our international customers for high quality goods and services.
PayPal is the online and mobile payments, buyers and sellers around the world to build the relationships required. We can proudly say that in more than 900 million companies to accept their business platform PayPal as a payment method, the goods are sold almost all species - whether the latest wave of fashion items, the most popular devices for consumer electronics, pictures for download available, or apply online. Currently in 190 markets around the world nearly 100 million active users trust and use PayPal, with more than 20 currencies her "electronic wallet" trade us. Here we have to thank you for your support and your confidence! 2011-6-6