Skip to content
Subscriber Only

Alibaba Affiliate Alipay Said to Plan Shanghai Relocation

Alipay, the Alibaba Group Holding Ltd. financial affiliate controlled by Jack Ma, is planning to relocate to Shanghai’s financial district in Lujiazui, according to a person with direct knowledge of the move.

Alipay is moving from Hangzhou to make it easier to do business in Shanghai, the person said, asking not to be identified as the matter is private. Several other units under Alibaba’s finance arm, Zhejiang Ant Small & Micro Financial Services Group Co., are already located in Shanghai and the person didn’t specify when the relocation would be complete.