![]() ![]() Expanding that service into more brick-and-mortar stores, businesses, and mobile apps could help Alibaba accumulate more data on individual customers, which would fuel the development of better-crafted targeted shopping experiences across its marketplaces. Alipay and WeChat also host "mini-apps" from third-party companies that are tethered to their payment services.Īlipay has about 900 million annual active users in China. Both companies are partnering with (or investing in) a growing list of brick-and-mortar retailers to tether more shoppers to their payment ecosystems. The ongoing battle between Alipay and WeChat Pay is a major flashpoint in the ongoing ecosystem war between Alibaba and Tencent. When you are on your own tab, you’ll see Wallet listed on the top right side. Ant's Alipay, which processes payments for Alibaba's Chinese marketplaces, is one of the two top mobile payment platforms in China alongside Tencent's WeChat Pay. Alipay and the future of smart retailĪlibaba owns a third of Ant Financial, the fintech company controlled by Alibaba's co-founder and former chairman, Jack Ma. Alibaba claimed that Lazada more than doubled its orders annually last quarter. ![]() Its top rival, Sea Limited's Shopee, is consistently unprofitable and is struggling to keep pace with Lazada as Alibaba aggressively expands its services. Lazada is the top e-commerce marketplace in most Southeast Asian markets. It recently opened its first European brick-and-mortar AliExpress store in Madrid, which features over 1,000 products from more than 60 brands. Expanding overseasĪlibaba is primarily known as a Chinese e-commerce company, but it also serves overseas shoppers with AliExpress and Southeast Asian shoppers with Lazada.ĪliExpress is the top e-commerce platform in Russia, according to Ecommerce News Europe, and it's expanding rapidly across Europe. Formerly known as JD Pinggou, Jingxi was relaunched in September to combat group-buying competitors Pinduoduo and Alibaba. ![]() Pinduoduo and Jingxi both encourage shoppers to recruit other shoppers via Tencent's ( TCEHY -3.22%) WeChat, so Alibaba could struggle to pry shoppers away from both apps. China’s largest online retailer JD.com has rebranded its own group-buying app & WeChat mini-program as ‘Jingxi’ to target consumers in China’s lower-tier cities. However, Alibaba already faces fierce competition in these lower-end markets from rivals like Pinduoduo, which lets shoppers team up with cheaper bulk orders, and JD, which recently launched a similar group purchase app called Jingxi. ![]()
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