Alibaba Group Holding Ltd is open to working with eBay Inc’s PayPal to expand its payment options, Bloomberg reported, citing an interview with the Chinese e-commerce company’s vice chairman.<\/p>\n
“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 U.S. but also in some other countries, these are some complementary footprints,” Joseph Tsai said Monday in Hangzhou, China.<\/p>\n
Alibaba reported more than $9 billion in sales on China’s Singles’ Day on Tuesday.<\/p>\n
The company also sees Apple Inc’s payment system as helping Chinese consumers when Alibaba’s financial services arm, Alipay, is not accepted, Tsai said.<\/p>\n
In September eBay said it would spin off PayPal into a publicly traded company in the second half of 2015.<\/p>\n
Alibaba and eBay could not immediately be reached for comment.<\/p>\n
Yahoo troubles offset by Alibaba<\/a><\/strong><\/p>\n Alibaba\u2019s growth is slowing<\/a><\/strong><\/p>\n Alibaba takes on Amazon, eBay in the US<\/a><\/strong><\/p>\n