Alibaba's Jack Ma Talks about taking Alipay Going Public & More
It was reported on CNBC earlier today that Executive Chairman of Alibaba Jack Ma said on Tuesday that their finance services arm "will definitely go public," eyeing a mainland China listing for the e-commerce company's crown jewel. Alibaba was unable to list shares on China's mainland as part of its record-breaking $25 billion initial public offering, said Ma. "I hope that Alipay has this opportunity," he told China's official CCTV state broadcaster in an interview, according to a transcript posted on CCTV's official Weibo microblog.
Forbes noted in their report that "Ma also spoke positively on CNBC about the chances of a partnership with Apple surrounding both payments services (Alipay + Apple Pay) and ecommerce (selling iPhones on Taobao). He had previously discussed such a possibility, but this time it came after visiting Cupertino and talking extensively with Apple CEO Tim Cook."
For more on this developing story, see our report titled "Negotiations in Play for Apple + Alibaba Payment Alliance."
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