China’s largest internet based business
firm, Alibaba Group said it would like to working with Apple Inc on mobile
payments
Alibaba affiliate Alipay is China's
largest payments service; while Apple just this month debuted its own version
of a mobile wallet, letting iPhone 6 users make payments at retailers with
their smartphones.
Alibaba Group Holdings Ltd executive
chairman Jack Ma said he's open to working with Apple Inc on mobile payments
and he holds tremendous respect for Apple CEO Tim Cook.
Alibaba, which handles more e-commerce
transactions than Amazon.com Inc and eBay Inc combined, does not have much of a
presence among American retail customers and Ma said his focus for now was on
serving his Chinese clientele.
Ma added that he wanted to work on
selling American and European products to
China, reversing the typical flow of
goods over the past 10 to 15 years.
Alibaba has acquired some smaller
American companies such as niche online retailer 11Main and Ma said he will
continue to invest in the United States.
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