Alibaba.com Introduces Payment with PayPal on
Alliance Makes It Easier for Small Businesses Around the World to Participate in Global Trade with
April 26, 2010 05:33 PM Eastern Daylight Time
HONG KONG & SAN JOSE, Calif.--(EON: Enhanced Online News)--Alibaba.com Limited (SEHK:1688)
(1688.HK), the world's leading small business e-commerce company, and PayPal today announced that PayPal will
be offered on the AliExpress platform (www.aliexpress.com). 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.
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.
“AliExpress 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,” said David Wei, CEO of
Alibaba.com. “Our 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.”
“With 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.com’s commitment of giving