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Market
What percentage of transactions on Taobao will be completed using WeChat Pay by June 30, 2025?
2
Resolution / Starting Odds
< 10% • 25%
10-30% • 25%
30-50% • 25%
> 50% • 25%
Official announcements from Alibaba or Taobao, or a third-party market research report
Story
Alibaba's Taobao and Tmall Group to Accept Tencent's WeChat Pay
Sep 4, 2024, 08:45 AM
In a significant move, Alibaba's e-commerce platforms, including Taobao, will begin accepting Tencent's WeChat Pay as a payment option. This interoperability is currently being rolled out with Taobao platform merchants. Taobao confirms the draft plan to add WeChat Pay, according to a source. Alibaba's decision to integrate WeChat Pay, a direct competitor to its affiliate Jack Ma-founded Ant Group's Alipay, marks a notable shift in China's online payment landscape.
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Similar markets
Less than 10% • 25%
10% to 20% • 25%
20% to 30% • 25%
More than 30% • 25%
Yes • 50%
No • 50%
Alipay • 25%
WeChat Pay • 25%
Credit/Debit Cards • 25%
Other • 25%
Decrease by over 5% • 25%
Stable (within +/- 5%) • 25%
Increase by 5-10% • 25%
Increase by over 10% • 25%
Yes • 50%
No • 50%
Increase by more than 10% • 25%
Increase by less than 10% • 25%
Decrease by less than 10% • 25%
Decrease by more than 10% • 25%
Below 55% • 25%
55% to 60% • 25%
60% to 65% • 25%
Above 65% • 25%
Increase by more than 5% • 25%
Increase by 0-5% • 25%
Decrease • 25%
Remain the same • 25%
Less than 10% • 25%
10% to 20% • 25%
20% to 30% • 25%
More than 30% • 25%
