Alibaba.com to turn Alipay into International Online Payment Platform

May 11, 2009 (China Knowledge) - China's Alibaba.com Ltd <1688>, the world's largest online B2B marketplace, plans to team up with HSBC Holdings plc and Citibank A.S. as it aims to turn its Alipay unit into an international online payment platform, sources reported. The company will allow account holders of the two global lenders to pay and transfer funds online via Alipay platform.