Alipay is an online payment services provider. Founded by the Alibaba group, it allows individuals and businesses to execute payments online in a secure manner. Alipay's users are primarily buyers and sellers engaging in e-commerce transactions. With a registered user base of approximately 43.5 million as of June 2007, Alipay is an accepted online payment method for many online retail websites and service providers in China. Clearly, it is also the main payment method on sister site Taobao.
Based on its huge customer based, has developed a complete online wallet which offers many services associated with payments while partnering with taxi-hailing services, cinema-theater booking services and so on.
Alipay has partnered with some leading Chinese banks including Bank of China, China Construction Bank, Agricultural Bank of China, and the Industrial and Commercial Bank of China; it also has a valuable partnership with Visa.
PayPal remains its primary competitor.
Funding Rounds (2) - $4.5BUpdate
|Sep, 2016||Yum! China||$460M / Venture||—|
|Jun, 2016||Didi Chuxing||$4.5B / Undisclosed||—|
|Jun, 2016||Shanghai Suntime Information Technology||$35M / Venture (Lead)||—|
|May, 2016||Taobao Movie||¥1.7B / Series A (Lead)||—|
|Apr, 2016||Ele.me||$1.25B / Private Equity||—|
|Oct, 2015||36Kr||undisclosed amount / Series D (Lead)||—|
|Sep, 2015||Paytm||$680M / Venture||—|
|Aug, 2015||Qufenqi||$200M / Series E (Lead)||—|
|Jan, 2015||One97 Communications||$550M / Private Equity (Lead)||—|
|Nov, 2014||V-Key||$12M / Series B||—|
Current Team (17)Update
|Sep 21, 2016||Sydney Morning Herlad - Jack Ma's finance business Alipay may be worth more than Goldman Sachs|
|Sep 14, 2016||Twitter - Bloomberg Technology|
|Sep 13, 2016||Business Journals - Alibaba subsidiary buys KC startup, reportedly for $100M|
|Sep 2, 2016||TechCrunch - Primavera, Alibaba’s Ant Financial dunk $460M into KFC’s new spinout Yum China|
|Aug 2, 2016||blog.venturepulse.org - Didi Chuxing Bought Uber In China For $35 Billion|
|Jun 10, 2016||Sramana Mitra - Billion Dollar Unicorns: Paytm Plans Rapid Expansion|
|Jun 8, 2016||Arab Business - Startups - How Gulf SWFs have thrown funding lifeline to tech ventures|
|Apr 26, 2016||TechCrunch - Ant Financial, the Alibaba affiliate that operates Alipay, raises $4.5B at a $60B valuation|
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