Report: Apple seeks to launch Apple Pay in China

Cupertino, Calif. – Apple Inc. is reportedly holding discussions with Alibaba Holding Group Inc. and several Chinese banks to launch Apple Pay mobile payment in China. According to the Xinhua official Chinese news agency, Apple CEO Tim Cook said he is “bullish” on Apple Pay in China and thinks it could gain traction more quickly in China than it has in the U.S. since its September 2014 launch.



In October 2014, Alibaba executive chairman Jack Ma said Alibaba would be open to working with Apple Pay. Alibaba has its own mobile payments service, Alipay, which currently leads the Chinese market. Apple did not comment on the article or Cook’s statements.