By the end of June 2008, thanks to its over 80 million users，Alipay had achieved a daily trading volume of ￥380 million through approximately 1.55 million transactions every day. Up to now, the number of merchants supporting Alipay has surpassed 330,000, not even taking into account those on Taobao and Alibaba. Alipay can also speak of having attracted users right across its operational area, from C2C and B2C right through to B2B, with business covering such industries as virtual games, digital communications, business services, air ticket booking, etc. not to mention physical commodity exchanges - the most common types of transaction. These 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. Alipay has entered into solid strategic cooperation in the electronic payment field with such domestic commercial banks 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 top of the most reliable cooperative partners in the field.
