Alibaba to work with PayPal: Report

Chinese online major, Alibaba Group Holding Ltd is ready to work with eBay Inc's PayPal to expand its payment options, Bloomberg reported, citing an interview with the Chinese e-commerce company's Vice Chairman, says a Reuters' report.
Alibaba to work with PayPal: Report

Chinese online major, Alibaba Group Holding Ltd is ready to work with eBay Inc's PayPal to expand its payment options, Bloomberg reported, citing an interview with the Chinese e-commerce company's Vice Chairman, says a Reuters’ report.

Commenting on the issue, Joseph Tsai, Executive vice chairman of Alibaba said,  "If you look at our footprint of being the largest online payment company in China, and PayPal's position of having a very good international position, not just in the US but also in some other countries, these are some complementary footprints.”

Significantly, Alibaba has made headlines recently by bagging over $9 billion sales on China's Singles' Day.

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