2. History of Alipay
1. Alipay was founded in 2004
2. Alipay started expanding business in
2010
3. Alipay beat paypal become largest
electronic payment company
3. The important step for Alipay’s
development
1. Alipay began to encourage users to deposit
their money and offer higher interest rates than
Banks, this has attracted a large number of loyal
users (Liu, 2017)
2. Alipay start cooperate with different companies
and enter different fields
4. Alipay impacts of people
life
According to Kuznina (2018)
1.Alipay combines financial and
non-financial services.
2.It combines every service you
name it- investment, deposit, tax-
free, bikesharing, shopping
online, get taxi, buy the all types
tickets, etc.
3.Basic on your search habits
recommend what you want
5. Conclusion
The success of Alipay is a perfect
combination of online payment and real
payment in China. Alipay has
successfully complied with The Times
and changed people's consumption
habits and living habits. But on the
other hand, is also the need of people
caused the emergence of Alipay.
6. Bibilography
Heggestuen, J., 2014. Business inside. [Online]
Available at: https://medium.com/what-the-money/alipay-wechat-
pay-history-and-strategy-af1b19d66556https://medium.com/what-
the-money/alipay-wechat-pay-history-and-strategy-
af1b19d66556https://medium.com/what-the-money/alipay-
wechat-pay-history-and-strategy-af1b19d66556
[Accessed 1 May 2019].
Kuznina, A., 2018. Medium corporation. [Online]
Available at: https://medium.com/what-the-money/alipay-wechat-
pay-history-and-strategy-af1b19d66556
[Accessed 1 May 2019].
Liu, C., 2017. Medium corporation. [Online]
Available at: https://medium.com/@charliecliu/everything-you-
need-to-know-about-alipay-and-wechat-pay-2e5e6686d6dc
[Accessed 1 May 2019].
