Retailing, Franchising, and Consumerism Business Intelligence in China

Online Retailer Nixes Internet Payment Partnership In China

China's online retail world is facing a fractured partnership as a leading shopping site ends an agreement with a top payment site.

Chinese B2C e-commerce website has published a notice, stating that its cooperation with, the Internet payment subsidiary of Alibaba Group, expired on August 24, 2011, and the company will now stop the use of payment services at

According to, the reason for its termination of the cooperation with is because the service fees charged by the latter are too high, which are reportedly four times higher than, another Chinese Internet payment service provider. said that from now on users will not be able to login to or pay for the orders with their Alipay accounts. If they used Alipay accounts for entering before and want to use the balance and credits of previous accounts, they can submit applications by providing related email addresses.

In regards to's decision, said that they respect and understand the business decision made by However, they reportedly feel sorry for their users who will not be able to complete payments with on

Be the first to comment on "Online Retailer Nixes Internet Payment Partnership In China"

Leave a comment

Your email address will not be published.