Alibaba.com Introduces Payment with PayPal on AliExpress
By: eBay Inc. Staff
HONG KONG and SAN JOSE, Calif, April 27, 2010 - Alibaba.com Limited (HKSE:1688) (1688.HK), the world's leading small business e-commerce company, and PayPal today announced that PayPal will be offered on the AliExpress platform (www.aliexpress.com). In beta since September 10, 2009, and officially launched yesterday, AliExpress allows customers to tailor orders to the needs of their small businesses; offering smaller-quantity orders, instant online transactions, and an escrow service to protect buyers and sellers.
With this agreement, AliExpress merchants can now avail their customers with PayPal as a fast and secure payment option. Businesses will now be able to easily source goods through AliExpress using PayPal in their preferred local currency. PayPal is one of the leading online payment platforms in the world with more than 84 million active accounts and more than 8 million merchants in 190 markets and 24 currencies around the world.
The alliance will provide customers around the world with the convenience and protections that PayPal has built over its 12-year history, in addition to the escrow service offered on the AliExpress site.
"AliExpress is designed to help even the smallest businesses to be more competitive because they can offer customers more unique products, at better prices through the benefits to global trade," said David Wei, CEO of Alibaba.com. "Our work with companies such as PayPal is crucial, because we want to make sure we are meeting the needs of our customers by making payment as fast, safe and easy as possible."
"With millions of customers using PayPal in 190 global markets, when you offer PayPal, you open your business to the world," said Scott Thompson, president of PayPal. "At PayPal, we share Alibaba.com's commitment to giving small businesses every tool they need to succeed, including the ability to conduct fast and safe online payments. For this reason, we couldn't be more excited to be working with AliExpress."
Alibaba.com launched a beta test of AliExpress in September 2009. Currently, there are more than three million listed products from more than 40 categories.
Alibaba.com is the global leader in e-commerce for small businesses and the flagship company of Alibaba Group. Founded in 1999, Alibaba.com makes it easy for millions of buyers and suppliers around the world to do business online through three marketplaces: a global trade marketplace (www.alibaba.com) for importers and exporters, a Chinese marketplace (www.1688.com) for domestic trade in China, and, through an associated company, a Japanese marketplace (www.alibaba.co.jp) facilitating trade to and from Japan. Together, its marketplaces form a community of more than 47 million registered users from more than 240 countries and regions. Alibaba.com also offers business management software and Internet infrastructure services targeting small businesses across China and, through Ali-Institute, incubates e-commerce talent for Chinese small businesses. Founded in Hangzhou, China, Alibaba.com has offices in more than 60 cities across Greater China, Japan, Korea, Europe and the United States.
PayPal is the faster, safer way to pay and get paid online. The service allows members to send money without sharing financial information, with the flexibility to pay using their account balances, bank accounts, credit cards or promotional financing. With more than 84 million active accounts in 190 markets and 24 currencies around the world, PayPal enables global ecommerce. PayPal is an eBay company and is made up of three leading online payment services: the PayPal global payment service, the Payflow Gateway and Bill Me Later. The company's open payment platform, PayPal X, allows developers to build innovative payment applications on multiple platforms and devices. More information about the company can be found at https://www.paypal.com.
PayPal is headquartered in San Jose, California and its international headquarters is located in Singapore.