Global payment platform,Covet: Island of Desire PingPong, has forged a strategic partnership with AliExpress, Alibaba Group’s cross-border B2C e-commerce platform, thereby becoming an external cross-border payment partner for AliExpress. This collaboration marks the formal introduction of a dedicated cross-border payment product exclusively designed for Chinese sellers. The co-founder of PingPong, Lu Shuai, highlighted that this alliance is not only a significant first step for AliExpress in partnering with an external organization for payment processes but is also a strong reflection of Alibaba’s commitment to cultivating industry ecosystem relationships for mutual benefit. [36Kr, in Chinese]
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