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Paypal Drops Support for Alibaba's AliExpress

PayPal, 6/03/11

Dickson Seow, communications director for PayPal Asia Pacific, announced on the official PayPal blog yesterday that following a routine annual business review, PayPal will no longer be a payment option on Chinese B2B e-commerce site Alibaba.com's (1688.HK) AliExpress international wholesale e-commerce platform after August 3. Seow added that PayPal's total payment volume in Greater China exceeded USD 4.4 bln in 2010, up 44% YoY.

Editor's Note: For more information on this topic, please see "Alibaba Announces Partnership with PayPal," MD 4/27/10 issue.

Keywords: Dickson Seow third-party payment online payment e-payment eBay transaction volume B2B e-commerce Internet wholesale PayPal Alibaba.com 1688.HK AliExpress

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