Apple in China could strike deal with Alibaba for Apple Pay

Apple Pay started its international romp over the past quarter after having been bound by continental shores just before. Sure, you may have a bit of trick to pull if you need to make a purchase above £30 in the United Kingdom on the popular Apple Pay or other systems, but improvements and farther reaches have been slowly and surely coming. Now we’re getting word of some huge real estate Apple wants to tackle: China.

Apple has taken $13.4 million to set up shop in China within Shanghai’s free-trade zone as Apple Technology Service (Shanghai) Ltd. and is awaiting for regulatory approval to continue on. This gives Apple a base to do business (take money) in the country. Cupertino could (and Tim Cook does want to) do business with Alibaba — China’s equivalent of Amazon — which has its own 300 million user-strong mobile payment service.

Whether or not Apple may want to forge on into territories like Japan, Taiwan or Hong Kong which have established stored-value RFID card systems we have yet to find out.

Source: Wall Street Journal (subscription)
Via: 9To5Mac

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Jules Wang
Jules Wang is News Editor for Pocketnow and one of the hosts of the Pocketnow Weekly Podcast. He came onto the team in 2014 as an intern editing and producing videos and the podcast while he was studying journalism at Emerson College. He graduated the year after and entered into his current position at Pocketnow, full-time.