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Alibaba, JD Said to Open up to Each other in Payment, Logistics
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 p...
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Alibaba, JD Said to Open up to Each other in Payment, Logistics
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BABA-W (09988.HK)  +2.900 (+2.818%)    Short selling $1.82B; Ratio 16.340%   (BABA.US)      's Taobao Tmall and JD-SW (09618.HK)  +5.500 (+3.403%)    Short selling $552.45M; Ratio 17.704%   (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)  +0.440 (+3.390%)    Short selling $11.05M; Ratio 4.228%   , and JD will also introduce Cainiao, which is under Alibaba, as self-pickup points. It is expected to go online in mid-October.

Related NewsM Stanley Lifts Alibaba (BABA.US) TP to US$115; 2FQ Adjusted EBITA Expected to Dive 6.6% YoY
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.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-10-10 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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