A report from China today noted that immediately after the Apple Watch launch, e-commerce giant Alibaba Group had announced that it had finalized an Apple Watch version of its Alipay Wallet mobile payment app. In addition to mobile payment, the Apple Watch version will also provide the mutual fund service Yu'ebao and a QR code reader for mobile payments and currency exchanges.
The report from China expressed their pleasure in seeing how Apple began their special event on Monday with a video of the new Apple Store in Hangzhou and highlighted WeChat messaging app from Tencent. Tencent was founded in November 1998 and has since grown into China's largest and most used Internet service portal
Goldman Sachs went on record as stating that the cooperation between Apple and Tencent will accelerate the globalization of WeChat and help Apple further consolidate the Chinese market.