Report: Alibaba open to working with PayPal

Hangzhou, China -- Alibaba Group Holding Ltd., which previously said it is in discussions with Apple about working with its Apple Pay digital payment service, is now reportedly also open to working with EBay’s PayPal digital payment service.



According to Bloomberg, Joseph Tsai, vice chairman of Alibaba, said in an interview that PayPal’s position as a payment service both in the U.S. and internationally may offer a good footprint to Alibaba.



Alibaba currently offers its own digital payment service called Alipay. Ant Financial, an affiliate of Alibaba controlled by founder Jack Ma, controls Alipay and plans to launch a Chinese IPO at some point in the future.