{"id":5613,"date":"2014-10-29T12:36:21","date_gmt":"2014-10-29T12:36:21","guid":{"rendered":"http:\/\/www.repricerexpress.com\/?p=5613"},"modified":"2024-12-20T12:21:37","modified_gmt":"2024-12-20T12:21:37","slug":"alibaba-apple-partnership-hint","status":"publish","type":"post","link":"https:\/\/www.repricerexpress.com\/alibaba-apple-partnership-hint\/","title":{"rendered":"Alibaba and Apple Partnership Hint"},"content":{"rendered":"<h3>This week, <a title=\"WSJ.D - Apple\u2019s Next Chapter: A Q&amp;A With Tim Cook\" href=\"http:\/\/blogs.wsj.com\/digits\/2014\/10\/27\/apples-next-chapter-a-qa-with-tim-cook-live-blog\/\">The Wall Street Journal<\/a> editor-in-chief Gerard Baker interviewed Apple CEO Tim Cook on a number of areas including the Apple Watch, Apple Pay and most interestingly a potential hook-up with Jack Ma&#8217;s <a title=\"Alibaba Profits Bigger than Amazon and eBay Combined\" href=\"\/?p=3898\">Alibaba<\/a>. Full video footage is yet to be released but RepriceExpress can offer you an insight into the best bits.<\/h3>\n<h2>World&#8217;s Third Largest Payment System<\/h2>\n<p>Alibaba Group Holding Ltd., recently raised $25 billion in the world&#8217;s biggest <a title=\"Alibaba is the Biggest IPO Ever\" href=\"\/?p=4594\">initial public offering<\/a> (IPO) and with Alipay it has the third largest payment system in the world behind Visa and Mastercard. Alipay, handled $200 billion in payments last year; in comparison, eBay&#8217;s\u00a0<a title=\"SellerExpress - eBay Paypal separation in 2015\" href=\"https:\/\/www.sellerexpress.com\/ebay-paypal-to-separate-2015\/\">Paypal<\/a> processed $180 billion in 2013. Alipay has an estimated 800 million customers in China and accounts for 70% of China&#8217;s online transactions.<\/p>\n<h2>Apple Pay<\/h2>\n<p><strong>What is Apple Pay?<\/strong> iPhone 6 and 6 Plus owners can now pay for goods at payment terminals through a wave of their smartphone and their thumbprint. Within the first three days of going live, Apple Pay activated over one million credit cards, making a big statement in the world of digital payment systems much to the delight of Apple CEO, Tim Cook who boasted, &#8220;We are already No. 1. We are more than the total of the other guys. We\u2019ve only been at it a week. I feel fantastic.\u201d<\/p>\n<h2>Partnership Opportunities<\/h2>\n<p>When asked about a potential partnership with Apple Pay, Apple&#8217;s new mobile payment system, Jack Ma declared it was something he was interested it. Tim Cook said, \u201cIf we can find some areas of common space, I love it. I love partnering with people like that&#8221;. A potential partnership between Alipay and Apple Pay is exciting news and Cook ended the interview saying it was likely that Jack Ma and himself would have a chat this week. I wonder if Jack&#8217;s Ma&#8217;s favourite film, <a title=\"CNBC - Why Jack Ma likes Forrest Gump\" href=\"http:\/\/www.cnbc.com\/id\/102016738\">Forrest Gump<\/a>, will pop up in conversation.<\/p>\n<h2 class=\"heading\">Security Fears<\/h2>\n<p>Despite these impressive figures, there is still some consumer apprehension over security according to a survey by <a title=\"Thrive Analytics\" href=\"http:\/\/www.thriveanalytics.com\/\">Thrive Analytics,<\/a> with 46% expressing concern. 18% don&#8217;t see any benefit of mobile payments whilst 32% have simply never given it much thought. It will be interesting to observe if consumer concerns over security lessen as Apple enter the market and possibly partner with Alibaba.<\/p>\n<p>You will find more statistics at <a href=\"http:\/\/www.statista.com\/\">Statista<\/a><\/p>\n<p>In addition to security, Peter Cohan at <a title=\"Forbes - 4 Perils Of Apple Pay\" href=\"http:\/\/www.forbes.com\/sites\/petercohan\/2014\/10\/28\/4-perils-of-apple-pay\">Forbes<\/a> lists three additional stumbling blocks with Apple Pay. Peter states Apple Pay is a &#8220;solution in search of a problem&#8221;, with many of us happy to use our credit and debit cards, but we have seen experts get Apple&#8217;s plans completely wrong in the past, with Cliff Edward of Bloomberg Business Week remarking in 2001 that <a title=\"Cliff Edwards famously gets it wrong by saying Apple Stores Won't Work\" href=\"http:\/\/www.businessweek.com\/stories\/2001-05-20\/commentary-sorry-steve-heres-why-apple-stores-wont-work\">Apple&#8217;s retail store plans wouldn&#8217;t work<\/a> \u2014 their stores are now the most profitable per square foot in the world! Retailers may be reluctant to sign up as they are missing out of valuable customer data and it doesn&#8217;t save them any money.<\/p>\n<h4>Overall, consumers and retailers are yet to fully buy-in to mobile payment systems but we&#8217;re acutely aware that tablets didn&#8217;t become popular until the iPad arrived, digital music players didn&#8217;t become mainstream until the iPod came along and well, we all know how smartphones took off with the arrival of the iPhone. So perhaps the popularity and widespread adoption of mobile payments\u00a0is\u00a0soon to change after Tim Cook and Jack Ma put their heads together later this week and agree upon a partnership between Alibaba and Apple.\u00a0Watch this space!<\/h4>\n","protected":false},"excerpt":{"rendered":"<p>This week, The Wall Street Journal editor-in-chief Gerard Baker interviewed Apple CEO Tim Cook on a number of areas including the Apple Watch, Apple Pay and most interestingly a potential hook-up with Jack Ma&#8217;s Alibaba. Full video footage is yet to be released but RepriceExpress can offer you an insight into the best bits. World&#8217;s [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":5627,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-5613","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Alibaba and Apple Partnership Hint<\/title>\n<meta name=\"description\" content=\"Tim Cook revealed in an interview with The Wall Street Journal that Apple Pay could be about to partner with Alibaba&#039;s own mobile payment system, Alipay.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.repricerexpress.com\/alibaba-apple-partnership-hint\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alibaba and Apple Partnership Hint\" \/>\n<meta property=\"og:description\" content=\"Tim Cook revealed in an interview with The Wall Street Journal that Apple Pay could be about to partner with Alibaba&#039;s own mobile payment system, Alipay.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.repricerexpress.com\/alibaba-apple-partnership-hint\/\" \/>\n<meta property=\"og:site_name\" content=\"RepricerExpress\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/repricerexpress\" \/>\n<meta property=\"article:published_time\" content=\"2014-10-29T12:36:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-20T12:21:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.repricerexpress.com\/wp-content\/uploads\/2014\/10\/apple-alibaba-china.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"880\" 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