Alibaba Group, China's largest e-Commerce company, and MasterCard MA 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.
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