When Alipay (controlled by jack ma) is breathing down Paypal back, and Paypal International Headquarters are based in Singapore, which they want a strong position in south east asia. Of course they have to change. In the west we have Amazon, which is a great competitor with ebay. But when alipay and taobao starts to set up in the western nations then we shall see great changes in both ebay and paypal. Remember alipay does 8 million transactions each day, this is far more than paypal.
chinadaily*com*cn/business/2010-11/24/content_11600336.htm
global*alipay*com/faq/mainquestions.htm
Last edited by jak; 02-01-2013 at 12:35 AM.
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