At the end of August 2008, with over 100 million users at the time, Alipay oversees £¤450 million worth, or 2 million transactions every day. Currently, the number of merchants supporting Alipay has surpassed 460,000, not including those on Taobao and Alibaba. Alipay has attracted users from all areas, from C2C, B2C and B2B, with businesses in industries such as digital communications, business services, virtual products, online merchandise, air travel, and more. Through cooperation, our merchants have gained access to a broad online consumer market in China that is enjoying great potential, while at the same time benefiting from Alipay¡¯s secure and efficient services.
Alipay has won wide recognition among banks, international institutes, and its partners for its moderate and pragmatic approach, advanced technology and acute market foresight. In the electronic payment field, Alipay has entered into strategic cooperation with domestic commercial banks such as the Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank, China Merchants Bank and Pudong Development Bank, along with organizations such as China Post and VISA, which have enabled it to be ranked one of the most reliable cooperative partners in the field.
