Alibaba Integrates Tencent's WeChat Pay on Taobao and Tmall

The move marks a significant shift in China's e-commerce landscape, enhancing payment options for users.

Taobao and Tmall will accept WeChat Pay, breaking long-standing barriers between Alibaba and Tencent platforms.
This integration aims to boost Alibaba's market share amid growing competition and a sluggish Chinese economy.
The decision follows regulatory pressures to dismantle 'walled gardens' in China's tech industry.
WeChat Pay, with over 1.3 billion users, is one of the largest mobile payment systems in China.
Alibaba's e-commerce arm has seen a stabilization in market share despite recent revenue declines.