On September 4th, Taobao announced plans to add WeChat payment capabilities. On the same day, Meituan takeout and Meituan Hotel officially settled in Alipay. The "wall breaking" between big factories ushered in milestone progress. Industry insiders pointed out that China's Internet industry will start a new round of "connectivity".
In response, Alipay said: "Openness, collaboration, innovation and sharing are the basic spirit of the Internet and the general trend of the industry development. Alipay will uphold this spirit, continue to deepen strategic cooperation with Taotian Group, increase scientific and technological innovation and product innovation, and continue to create greater value for the vast number of businesses and consumers. We firmly believe that openness creates a greater future. Alipay will not only increase openness and cooperation in payment products, but also in Internet technology, AI technology products and the broader ecology, help the vitality and prosperity of the digital economy, and also open a greater business space for the Alipay platform."
On September 4th, a Beijing Business Daily reporter exclusively reported that Taobao will soon fully open WeChat Pay. In the afternoon of the same day, WeChat Pay responded to the reporter that it is currently in the process of adapting to the functions of Taobao platform merchants. The specific launch time can be found in the Taobao platform announcement.
Subsequently, Taobao's official website released a solicitation of opinions on adding WeChat payment capabilities, stating that in order to enhance consumers' shopping experience, Taobao plans to add WeChat payment capabilities. Based on the increase of the above services, Taobao plans to make adjustments to the platform rules.
It is generally believed that Taobao's new WeChat payment on the basis of multiple payment tools has no substantial impact on Alipay.
According to public data, since 2020, Alipay and China UnionPay have started to communicate and explore closely based on barcode interconnection business. In 2021, UnionPay Cloud QuickPass can now be used for consumption on Taobao, and since then, Taobao has gradually integrated mainstream payment tools such as digital RMB, Alipay, and Alipay.