Loading...
Market
How will Alibaba's stock price change by end of 2024 after WeChat Pay integration?
2
Resolution / Starting Odds
Increase by more than 10% • 25%
Increase by less than 10% • 25%
Decrease by less than 10% • 25%
Decrease by more than 10% • 25%
Stock price data from financial markets, Bloomberg, or Yahoo Finance
Story
Alibaba's Taobao and Tmall to Accept Tencent's WeChat Pay
Sep 4, 2024, 09:54 AM
Alibaba's e-commerce platforms, including Taobao and Tmall, will begin accepting Tencent's WeChat Pay as a payment option. This move marks a significant shift in the Chinese e-commerce landscape, eradicating one of the biggest barriers between the competing online ecosystems of Alibaba and Tencent. The functionality adaptation with Taobao platform merchants is currently being rolled out, according to a draft plan. Alibaba's decision comes as the Chinese government concludes its three-year-long crackdown on the company. Alibaba is affiliated with the Jack Ma-founded Ant Group's Alipay, which is WeChat's main rival for online payments in China.
View original story
Similar markets
Increase by < 5% • 25%
Increase by 5-10% • 25%
Increase by 10-15% • 25%
Increase by > 15% • 25%
Increase by more than 20% • 25%
Increase by 10%-20% • 25%
Increase by less than 10% • 25%
Decrease • 25%
Below $100 • 25%
$100 to $120 • 25%
$121 to $140 • 25%
Above $140 • 25%
Increase by more than 10% • 25%
Increase by 0-10% • 25%
Decrease by 0-10% • 25%
Decrease by more than 10% • 25%
Yes • 50%
No • 50%
Increase by more than 20% • 25%
Increase by 10% to 20% • 25%
Increase by less than 10% • 25%
Decrease • 25%
Outperforms Tencent • 25%
Outperforms Baidu • 25%
Outperforms JD.com • 25%
Underperforms all • 25%
Increase by more than 10% • 25%
Increase by less than 10% • 25%
Decrease • 25%
No significant change • 25%
Below HKD 100 • 25%
HKD 100 - HKD 150 • 25%
HKD 150 - HKD 200 • 25%
Above HKD 200 • 25%
Below $110 • 25%
$110 to $120 • 25%
$121 to $130 • 25%
Above $130 • 25%
Below $100 • 25%
$100 - $150 • 25%
$150 - $200 • 25%
Above $200 • 25%