Editor’s Picks 08 August 2016 at 2:50 GMT

Jack Ma opens wallet to Europe but not to Europeans

China’s biggest third-party payments platform Alipay, an affiliate of Jack Ma’s Alibaba Group, is signing deals with brick and mortar retailers in Europe to bulk up its offering for Chinese tourists and expats. Marie Mawad writes the group is seeking to add extras to its mobile wallet app for Chinese travellers in France, the UK, Germany and Italy, though it has no plans to offer its services to consumers who aren’t from China.
Read full article at Bloomberg


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