Alibaba merchants hail adoption of Tencent's WeChat Pay on Taobao and Tmall

By Yahoo! Finance | Sep 6, 2024 at 05:32 AM EST

Alibaba Group plans to accept WeChat Pay on Taobao and Tmall to attract older and lower-tier city shoppers. The move aims to broaden merchant consumer base and enhance payment flexibility, potentially impacting Alipay's dominance in the market.

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