After announcing an intent to work with Apple over payments processing in China, Alibaba Executive Vice Chairman Joseph Tsai shared further details over the discussions currently underway between both companies. Talking to the Wall Street Journal, Tsai said that Alipay providing the back-end services for Apple Pay in China would be the "obvious possibility."
Apple's Chinese App Store now accepts UnionPay, the tech giant announced today. According to the press release, UnionPay, which is China's inter-bank and clearing settlement system, has issued a total of over 4.5 billion cards to date. Furthermore, the network extends through all rural areas and cities in China, in addition to being accepted in more than 140 countries around the world.
In an interview with the Wall Street Journal, Alibaba Executive Vice Chairman Joseph Tsai revealed that the Chinese e-commerce giant was currently in discussion with Apple over a payment processing solution tailored for China.
At the Wall Street Journal Digital Live conference, Alibaba founder Jack Ma mentioned that he would be interested in bringing Apple Pay to Alibaba's customers in China. Ma's statement comes on the heels of Tim Cook announcing that he would like to work with the Chinese retailer in launching the NFC-based payment system in the country.
When asked if Alibaba's Alipay payment solution would integrate with Apple Pay, Ma said:
Tim Cook reiterated the importance of the Chinese market on the last day of his trip to China, saying that Apple wants everything they do to work in the country. This includes Apple Pay. While Apple is in the process of figuring out how the payment system will work in China, Cook said that they need to understand completely what needs to happen to actually get the payment system to work in the country, according to Xinhuanet:
Apple CEO Tim Cook has confirmed that the company plans to open up 25 retail stores in China within the next two years. According to an interview transcript published on Chinese web portal Sina, Apple is looking to expand on its 15 outlets currently located in the country. Cook also recently visited a Foxconn factory in China.
Apple CEO Tim Cook has met with Chinese Vice Premier Ma Kai to talk security of user information. The meeting comes two days after an attack on the iCloud website in China was reported. Whether or not the attack was specifically on the table is unknown, but it is likely.
iCloud.com seems to have been added to a group of websites and services, including Yahoo and Gmail, under attack in China. A new report indicates that users attempting to log in to iCloud.com from an insecure browser that trusts China's Certification Authority are having their credentials captured. Users visiting through more secure browsers like Safari, Chrome, and Firefox will be presented with a warning when they navigate to the site.
Earlier this month, Tencent revealed that pre-orders in China for the iPhone 6 and iPhone 6 Plus were in excess of 4 million, and today the publication has posted revised numbers which see total pre-orders at 20 million, five times more than what was initially quoted.