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asia

Payments Battle in China Escalates as Meituan Downgrades Alibaba’s Alipay

By
Shai Oster
· · Source: Pandaily

The battle for control of China’s huge digital payments market escalated as Meituan downgraded access to Alibaba’s Alipay. Meituan Dianping, the online marketplace for food delivery, travel and other services, will no longer offer Alipay as a preferred payment option for new users. Instead, Meituan will more prominently feature the digital wallet of Alibaba’s arch-rival Tencent, the social...

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