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Alibaba, JD Said to Open up to Each other in Payment, Logistics
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BABA-W (09988.HK) (BABA.US)'s Taobao Tmall and JD-SW (09618.HK) (JD.US)'s e-commerce platform will open up to each other, with a consensus on cooperation in logistics and payments, according to Chinese media. Among which, Taobao Tmall will soon officially tap into JD LOGISTICS (02618.HK), and JD will also introduce Cainiao, which is under Alibaba, as self-pickup points. It is expected to go online in mid-October. JD will officially integrate Alipay, which is owned by Alibaba, report added, and is expected to be launched on the eve of "Double 11". Currently, when a consumer place an order on JD, the default payment methods are in the following order: JD Pay, UnionPay QuickPass, and WeChat Pay. AAStocks Financial News |
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