Alibaba Group and MasterCard Sign Memorandum of Understanding to Enhance e-Commerce Environment

  Alibaba Group and MasterCard Sign Memorandum of Understanding to Enhance
  e-Commerce Environment

Business Wire

HANGZHOU, China -- March 28, 2013

Alibaba Group, China’s largest e-Commerce company, and MasterCard have signed
a Memorandum of Understanding (MOU) to explore future collaboration in the
area of e-Commerce. The MOU aims to forge joint efforts to establish an
enhanced e-Commerce environment to benefit consumers and small businesses
within and outside China. The two parties have also agreed to jointly address
issues of common interests, including a strong mutual commitment to help
combat intellectual property infringement.

As leaders in their respective industries, both companies believe that
innovation and collaboration are the drivers of development in e-Commerce, and
are committed to fostering an enhanced e-Commerce environment that provides a
safe and efficient payment experience for users of Alibaba Group’s platforms
such as AliExpress and its affiliate Alipay. Both parties have agreed to
cooperate on innovations including cross-border payments, acceptance, security
and risk management as well as with MasterPass, the MasterCard digital service
that allows consumers to use any payment card or enabled device to discover
enhanced shopping experiences.

“MasterCard and Alibaba Group have fostered a strong collaboration in the area
of e-Commerce in the past years, which includes integration of Alipay into the
global payment solution of DataCash, joint promotions with AliExpress, as well
as efforts in building an anti-piracy mechanism. This MOU is another
significant step in the joint effort to drive the innovation and development
of e-Commerce in China. We are looking forward to seeing fruitful results from
these collaborations,” said Ling Hai, division president of Greater China,
MasterCard.

“We are delighted to continue our collaboration with MasterCard and take it to
a deeper level. Alibaba Group and its affiliate Alipay will seek to work with
MasterCard on a number of innovative services in order to provide an enhanced
shopping experience to consumers as well as a better online business
environment to small businesses in and outside China,” said Lucy Peng, CEO of
Alibaba Small and Micro Financial Services Group.

About MasterCard

MasterCard (NYSE: MA), www.mastercard.com,  is a technology company in the
global payments industry. We operatethe world’s fastest payments processing
network, connecting consumers, financial institutions, merchants, governments
and businesses in more than 210 countries and territories. MasterCard’s
products and solutions make everyday commerce activities – such as shopping,
traveling, running a business and managing finances – easier, more secure and
more efficient for everyone. Follow us on Twitter @MasterCardNews, join the
discussion on the Cashless Conversations Blog and subscribe for the latest
news.

About Alibaba Group

Alibaba Group’s mission is to make it easy to do business anywhere. Since it
was founded in 1999, the China-based Alibaba Group has developed leading
businesses in consumer e-commerce, online payment, business-to-business
marketplaces and cloud computing.Alibaba Group operates Taobao Marketplace
(www.taobao.com), China's most popular online shopping destination;Tmall.com
(www.tmall.com), China’s leading online platform for merchants offering
quality, brand-name goods to consumers; eTao (www.etao.com), a comprehensive
shopping search engine; Alibaba.com International (www.alibaba.com) and
Alibaba.com China (www.alibaba.cn), leading business-to-business marketplaces
for small businesses engaged in international trade and domestic China trade,
respectively; AliExpress (www.aliexpress.com), a leading global e-commerce
marketplace for consumers; and Alibaba Cloud Computing (www.aliyun.com), a
developer of platforms for cloud computing and data management. Alipay
(www.alipay.com), the most widely-used online payment service by consumers and
merchants in China, is an affiliate of Alibaba Group.

Contact:

MasterCard
Jim Issokson, 914-249-6286
James_Issokson@mastercard.com
or
MasterCard
Huanyu Wu, 86-10-8519-9304
huanyu_wu@mastercard.com
or
Alibaba Group
John Spelich, 852-2215-5129
johnspelich@alibaba-inc.com
 
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