Date
20 October 2017

Sina, Alipay launch microblog payment service, paper says

Alipay, Alibaba’s third-party payment platform, will begin offering payment services on Sina’s microblog site, 21st Century Business Herald reported Wednesday. The service allows Sina users to make payments through their microblog accounts. Sina has more than 500 million microblog users while Alipay serves more than 700 million customers, sources were quoted as saying. In addition, Sina’s microblog payment is supported by more than 400,000 merchants. Alipay and Sina are competing with WeChat, the instant messaging service of Tencent Holdings Ltd. (00700.HK), which offers a similar service, the report said. 

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