What is Alipay?

Zhejiang Alipay Network Technology Co., Ltd. is a leading independent third-party payment platform in China, founded by Alibaba Group. Alipay (www.alipay.com) is committed to providing "simple, safe and fast" online payment solutions for e-commerce in China.

Since its establishment in 2004, Alipay has always regarded "trust" as the core of its products and services. It not only ensures the safety of users' online payment from the product, but also allows users to establish mutual trust between networks through Alipay, which is a very meaningful step for establishing a pure Internet environment.

Alipay's concept of building trust, simplifying complexity and improving the credit system through technological innovation has won the hearts of the people. In just three years, users have covered the whole C2C, B2C and B2B fields. As of September 29th, 2007, the number of users using Alipay has exceeded 50 million, and the daily transaction volume of Alipay has exceeded 654.38+0.9 billion RMB, with more than 980,000 transactions.

Alipay's innovative product technology, unique concept and huge user base attract more and more Internet merchants to choose Alipay as their online payment system.

At present, in addition to Taobao and Alibaba, there are more than 300,000 merchants who support the use of Alipay trading services; Covering virtual games, digital communication, commercial services, air tickets and other industries. While enjoying Alipay services, these businesses have a very potential consumer market.

Alipay's steady style, advanced technology, keen market insight and great sense of social responsibility in the field of electronic payment have won the recognition of banks and other partners. At present, major commercial banks such as Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank, China Merchants Bank and Shanghai Pudong Development Bank, as well as major institutions such as China Post and VISA International, have established in-depth strategic cooperation with Alipay, and have continuously introduced innovative products according to customer needs, becoming the most trusted partners of financial institutions in the field of electronic payment.