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I stopped reading after "Alibaba does not own WeChat but rather's it's competition Alipay"... What are you talking about?? Alipay and Alibaba are under the sa
by chenster 7y ago
I stopped reading after "Alibaba does not own WeChat but rather's it's competition Alipay"...
What are you talking about??
Alipay and Alibaba are under the same AliGroup umbrella, not its competitor. 30% of Alibaba stake is actually owned by Japanese conglomerate holding company SoftBank
- kwizzt 7y agoI think he meant Alibaba owns Alipay, which is a competitor to WeChat's payment system.
- skinnymuch 7y agoAlibaba doesn’t own Alipay. Alipay is owned by Ant Financial. I think a small minority might be Alibaba owned. But perhaps not even that much.
- skinnymuch 7y agoWhat AliGroup umbrella? You mean an unofficial one since Alipay is owned by Ant Financial which is independent. The post says Alibaba owns Alipay. Not WeChat.