Alipay, Apple Pay may tie up on mobile payment
Print Edition
ALIBABA Group Executive Chairman Jack Ma said he’s open to working with Apple Inc on mobile payment, as China’s richest person prepares to call on Hollywood this week in search of media partners.
Alibaba affiliate Alipay is China’s largest payment service, while Apple just this month debuted its own version of a mobile wallet, letting iPhone 6 users make payments at retailers with their smartphones.
Ma told a Wall Street Journal Digital Live conference on Monday that he has great respect for Apple CEO Tim Cook.
“I hope we can do something together,” he said when asked if Alipay and Apple Pay might tie up.
Ma, who amassed a fortune estimated at more than US$20 billion partly through his stake in recent market debutante Alibaba, is a frequent visitor to the United States. This week, he plans to visit a number of Hollywood studios, reportedly to strike up content deals.
“I want to come here looking for partners,” he said, adding that China will eventually become the world’s largest movie market.
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