Alibaba.com Limited, the world’s leading small business e-commerce
company, and PayPal has announced that PayPal will be offered on the
AliExpress platform. In beta since September 10,
2009, and officially launched yesterday, AliExpress allows customers to
tailor orders to the needs of their small businesses, offering
smaller-quantity orders, instant online transactions, and an escrow
service to protect buyers and sellers.
âOur work with companies such as PayPal is crucial, because we want to
make sure we are meeting the needs of our customers by making payment as
fast, safe and easy as possible.â
With this agreement, AliExpress merchants can now avail their customers
with PayPal as a fast and secure payment option. Businesses will now be
able to easily source goods through AliExpress using PayPal in their
preferred local currency. PayPal is one of the leading online payment
platforms in the world with more than 84 million active accounts and
more than 8 million merchants in 190 markets and 24 currencies around
the world.
The alliance will provide customers around the world with the
convenience and protections that PayPal has built over its 12-year
history, in addition to the escrow service offered on the AliExpress site.
âAliExpress is designed to help even the smallest businesses to be more
competitive because they can offer customers more unique products, at
better prices through the benefits to global trade,â said David Wei, CEO
of Alibaba.com. âOur work with companies such as PayPal is crucial,
because we want to make sure we are meeting the needs of our customers
by making payment as fast, safe and easy as possible.â
âWith millions of customers using PayPal in 190 global markets, when you
offer PayPal, you open your business to the world,” said Scott Thompson,
president of PayPal. “At PayPal, we share Alibaba.comâs commitment of
giving small businesses every tool they need to succeed, including the
ability to conduct fast and safe online payments. For this reason, we
couldnât be more excited to be working with AliExpress.â
Alibaba.com launched a beta test of AliExpress in September 2009.
Currently, there are more than three million listed products from more
than 40 categories.
About Alibaba.com
Alibaba.com is the global leader in e-commerce for small businesses and
the flagship company of Alibaba Group. Founded in 1999, Alibaba.com
makes it easy for millions of buyers and suppliers around the world to
do business online through three marketplaces: a global trade
marketplace for importers and exporters, a Chinese
marketplace for domestic trade in China, and, through an
associated company, a Japanese marketplace
facilitating trade to and from Japan. Together, its marketplaces form a
community of more than 47 million registered users from more than 240
countries and regions. Alibaba.com also offers business management
software and Internet infrastructure services targeting small businesses
across China and, through Ali-Institute, incubates e-commerce talent for
Chinese small businesses. Founded in Hangzhou, China, Alibaba.com has
offices in more than 60 cities across Greater China, Japan, Korea,
Europe and the United States.
About PayPal
PayPal is the faster, safer way to pay and get paid online. The service
allows members to send money without sharing financial information, with
the flexibility to pay using their account balances, bank accounts,
credit cards or promotional financing. With more than 84 million active
accounts in 190 markets and 24 currencies around the world, PayPal
enables global ecommerce. PayPal is an eBay company and is made up of
three leading online payment services: the PayPal global payment
service, the Payflow Gateway and Bill Me Later. The company’s open
payment platform, PayPal X, allows developers to build innovative
payment applications on multiple platforms and devices.
