• FOUNDING YEAR: 2004
    LOCATION:
    China
    REGION:
    Last Update:
    22 Oct, 2019

Description

FOCUS

PRODUCTS & SERVICES:
Online and mobile payment platform for merchants and individuals in China. It helps users to close payments for purchases by simply showing QR codes on their smartphones.
REVENUE MODEL:
Viewable by subscribers only
EXISTING PARTNERSHIPS:
Alipay has partnered with some 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.

PEOPLE

FOUNDERS:
Lucy Peng
NUMBER OF EMPLOYEES:
1000+

TRACTION

VALUATION / MARKET CAP:
$150 Billion in 2018
REVENUE:
$10M+ in 2017
REVENUE COMMENT:
Viewable by subscribers only
COMMENT:
Alibaba aims to make Alipay available at 45,000 locations across Japan by year-end. It also has over 350 million registered users and processes more than 80 million transactions per day. Alipay currently collaborates with over 200 financial institutions and provides payment solutions for nearly 10 million small and micro businesses (2017).

MOMENTUM

FUNDED:
YES
LISTED:
NO

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