China’s half billion online shoppers will soon have an easier way to shop in the US.
Alipay, the payments unit recently spun off from Chinese e-commerce giant Alibaba, is launching a service for US retailers called ePass. Alipay has already been working in beta mode with retailers such as Gilt.com, The Gap and H&M.
The move will let US retailers tap into the estimated 500 million Chinese online shoppers who spent USD298 billion online in 2013. EPass will be available to any US retailer interested in reaching the Chinese consumer, according to Jingming Li, president and chief architect of Alipay.
(Source: Shanghai Daily)