Alibaba Introduces PayPal on AliExpress

Alibaba.com Introduces Payment with PayPal on AliExpress

Alliance Makes It Easier for Small Businesses Around the World to Participate in Global Trade with AliExpress

April 26, 2010 05:33 PM Eastern Daylight Time 

HONG KONG & SAN JOSE, Calif.--(EON: Enhanced Online News)--Alibaba.com Limited (SEHK:1688) (1688.HK), the world's leading small business e-commerce company, and PayPal today announced that PayPal will be offered on the AliExpress platform (www.aliexpress.com). In beta since September 10, 2009, and officially launched yesterday, AliExpress allows customers to tailor orders to the needs of their small businesses, offering smaller-quantity orders, instant online transactions, and an escrow service to protect buyers and sellers.

“At PayPal, we share Alibaba.com’s commitment of giving small businesses every tool they need to succeed, including the ability to conduct fast and safe online payments. For this reason, we couldn’t be more excited to be working with AliExpress.”

With this agreement, AliExpress merchants can now avail their customers with PayPal as a fast and secure payment option. Businesses will now be able to easily source goods through AliExpress using PayPal in their preferred local currency. PayPal is one of the leading online payment platforms in the world with more than 84 million active accounts and more than 8 million merchants in 190 markets and 24 currencies around the world.

The alliance will provide customers around the world with the convenience and protections that PayPal has built over its 12-year history, in addition to the escrow service offered on the AliExpress site.

“AliExpress is designed to help even the smallest businesses to be more competitive because they can offer customers more unique products, at better prices through the benefits to global trade,” said David Wei, CEO of Alibaba.com. “Our work with companies such as PayPal is crucial, because we want to make sure we are meeting the needs of our customers by making payment as fast, safe and easy as possible.”

“With millions of customers using PayPal in 190 global markets, when you offer PayPal, you open your business to the world," said Scott Thompson, president of PayPal. "At PayPal, we share Alibaba.com’s commitment of giving small businesses every tool they need to succeed, including the ability to conduct fast and safe online payments. For this reason, we couldn’t be more excited to be working with AliExpress.”

Alibaba.com launched a beta test of AliExpress in September 2009. Currently, there are more than three million listed products from more than 40 categories.

About Alibaba.com

Alibaba.com is the global leader in e-commerce for small businesses and the flagship company of Alibaba Group. Founded in 1999, Alibaba.com makes it easy for millions of buyers and suppliers around the world to do business online through three marketplaces: a global trade marketplace (www.alibaba.com) for importers and exporters, a Chinese marketplace (www.1688.com) for domestic trade in China, and, through an associated company, a Japanese marketplace (www.alibaba.co.jp) facilitating trade to and from Japan. Together, its marketplaces form a community of more than 47 million registered users from more than 240 countries and regions. Alibaba.com also offers business management software and Internet infrastructure services targeting small businesses across China and, through Ali-Institute, incubates e-commerce talent for Chinese small businesses. Founded in Hangzhou, China, Alibaba.com has offices in more than 60 cities across Greater China, Japan, Korea, Europe and the United States.

About PayPal

PayPal is the faster, safer way to pay and get paid online. The service allows members to send money without sharing financial information, with the flexibility to pay using their account balances, bank accounts, credit cards or promotional financing. With more than 84 million active accounts in 190 markets and 24 currencies around the world, PayPal enables global ecommerce. PayPal is an eBay company and is made up of three leading online payment services: the PayPal global payment service, the Payflow Gateway and Bill Me Later. The company's open payment platform, PayPal X, allows developers to build innovative payment applications on multiple platforms and devices. More information about the company can be found at https://www.paypal.com.

PayPal is headquartered in San Jose, California and its international headquarters is located in Singapore.

Contacts

Alibaba.com

Linda Kozlowski, +852 2215 5210 (Media Inquiries)

lkozlowski@hk.alibaba-inc.com

or

PayPal

Anuj Nayar, +1-408-967-5730 (Media Inquiries)

anayar@paypal.com

Permalink: http://eon.businesswire.com/news/eon/20100426007024/en

Alibaba Introduces PayPal on AliExpress

Alibaba.com Introduces Payment with PayPal on AliExpress

Alliance Makes It Easier for Small Businesses Around the World to Participate in Global Trade with AliExpress

April 26, 2010 05:33 PM Eastern Daylight Time 

HONG KONG & SAN JOSE, Calif.--(EON: Enhanced Online News)--Alibaba.com Limited (SEHK:1688) (1688.HK), the world's leading small business e-commerce company, and PayPal today announced that PayPal will be offered on the AliExpress platform (www.aliexpress.com). In beta since September 10, 2009, and officially launched yesterday, AliExpress allows customers to tailor orders to the needs of their small businesses, offering smaller-quantity orders, instant online transactions, and an escrow service to protect buyers and sellers.

“At PayPal, we share Alibaba.com’s commitment of giving small businesses every tool they need to succeed, including the ability to conduct fast and safe online payments. For this reason, we couldn’t be more excited to be working with AliExpress.”

With this agreement, AliExpress merchants can now avail their customers with PayPal as a fast and secure payment option. Businesses will now be able to easily source goods through AliExpress using PayPal in their preferred local currency. PayPal is one of the leading online payment platforms in the world with more than 84 million active accounts and more than 8 million merchants in 190 markets and 24 currencies around the world.

The alliance will provide customers around the world with the convenience and protections that PayPal has built over its 12-year history, in addition to the escrow service offered on the AliExpress site.

“AliExpress is designed to help even the smallest businesses to be more competitive because they can offer customers more unique products, at better prices through the benefits to global trade,” said David Wei, CEO of Alibaba.com. “Our work with companies such as PayPal is crucial, because we want to make sure we are meeting the needs of our customers by making payment as fast, safe and easy as possible.”

“With millions of customers using PayPal in 190 global markets, when you offer PayPal, you open your business to the world," said Scott Thompson, president of PayPal. "At PayPal, we share Alibaba.com’s commitment of giving small businesses every tool they need to succeed, including the ability to conduct fast and safe online payments. For this reason, we couldn’t be more excited to be working with AliExpress.”

Alibaba.com launched a beta test of AliExpress in September 2009. Currently, there are more than three million listed products from more than 40 categories.

About Alibaba.com

Alibaba.com is the global leader in e-commerce for small businesses and the flagship company of Alibaba Group. Founded in 1999, Alibaba.com makes it easy for millions of buyers and suppliers around the world to do business online through three marketplaces: a global trade marketplace (www.alibaba.com) for importers and exporters, a Chinese marketplace (www.1688.com) for domestic trade in China, and, through an associated company, a Japanese marketplace (www.alibaba.co.jp) facilitating trade to and from Japan. Together, its marketplaces form a community of more than 47 million registered users from more than 240 countries and regions. Alibaba.com also offers business management software and Internet infrastructure services targeting small businesses across China and, through Ali-Institute, incubates e-commerce talent for Chinese small businesses. Founded in Hangzhou, China, Alibaba.com has offices in more than 60 cities across Greater China, Japan, Korea, Europe and the United States.

About PayPal

PayPal is the faster, safer way to pay and get paid online. The service allows members to send money without sharing financial information, with the flexibility to pay using their account balances, bank accounts, credit cards or promotional financing. With more than 84 million active accounts in 190 markets and 24 currencies around the world, PayPal enables global ecommerce. PayPal is an eBay company and is made up of three leading online payment services: the PayPal global payment service, the Payflow Gateway and Bill Me Later. The company's open payment platform, PayPal X, allows developers to build innovative payment applications on multiple platforms and devices. More information about the company can be found at https://www.paypal.com.

PayPal is headquartered in San Jose, California and its international headquarters is located in Singapore.

Contacts

Alibaba.com

Linda Kozlowski, +852 2215 5210 (Media Inquiries)

lkozlowski@hk.alibaba-inc.com

or

PayPal

Anuj Nayar, +1-408-967-5730 (Media Inquiries)

anayar@paypal.com

Permalink: http://eon.businesswire.com/news/eon/20100426007024/en

Internet’s Leading Minds to Gather at GSI Commerce 2010 Summit

NBA Commissioner, CEO of Barnes & Noble, and Executives from the Estée Lauder Companies, Best Buy and PayPal to Address Attendees

GSI Commerce 2010 Summit

KING OF PRUSSIA, Pa.--(BUSINESS WIRE)--GSI Commerce Inc. (Nasdaq: GSIC), the leading provider of e-commerce and interactive marketing solutions, today announced it will hold the company’s annual client summit on April 21 and 22 at the Waldorf Astoria hotel in New York City. The summit will provide insight on how the Internet is changing the retail industry and the strategies that executives from leading retailers and brands are implementing to adapt to these changes.

“The summit is an opportunity for our clients to hear from the leading minds in e-commerce and leave with the knowledge they need to have winning online businesses.”

With an impressive roster of speakers, the event has record attendance from GSI’s base of more than 500 clients. Keynote speakers include:

• William J. Lynch, Jr., CEO of Barnes & Noble, Inc., recently promoted from his role as president of Barnes & Noble’s website.


• John Batelle, journalist, best-selling author of The Search and co-founding editor of Wired magazine will host a panel discussion on how the Internet is impacting panelists’ businesses. Panelists include:
  
  
  • National Basketball Association commissioner David Stern. More than $2.5 billion of NBA-branded merchandise is sold in retail stores and online.
  
  
  • The Estée Lauder Companies Inc.’s executive chairman William Lauder. The company has annual sales of $7.3 billion and sells products in more than 140 countries.
  
  
  • John Thompson, senior vice president and general manager of BestBuy.com. BestBuy.com is a top 10 Internet retailer, achieving $2 billion of online sales in fiscal 2010.
  
  


• Scott Thompson, president of PayPal, will share his views on changing consumer needs in e-commerce.

GSI founder and CEO Michel Rubin stated, “Online retail is experiencing significant changes. To remain relevant, retailers and brands must keep their fingers on the pulse of what consumers want now. They must also stay on top of the direction in which the industry is moving and ensure that their businesses evolve.” Rubin continued, “The summit is an opportunity for our clients to hear from the leading minds in e-commerce and leave with the knowledge they need to have winning online businesses.”

Rubin himself will deliver a keynote address in which he will reveal the 10 most significant trends impacting online retail today.

For details about GSI’s Connect 2010 Client Summit or to request press credentials to attend, please contact Kelly Henry at news@gsicommerce.com or 610.491.7474.

About GSI Commerce

GSI Commerce® is the leading provider of services that enable e-commerce, multichannel retailing and interactive marketing for large, business-to-consumer (b2c) enterprises in the U.S. and internationally. We deliver customized solutions through an e-commerce platform, which is comprised of technology, fulfillment and customer care and is available on a modular basis or as part of an integrated, end-to-end solution. We offer a full suite of interactive marketing services through two divisions, TrueActionTM and e-Dialog. Additionally, we provide brands and retailers a platform for online private sales through RueLaLa.com, and an online, off-price marketplace, SmartBargains.com.

Internet’s Leading Minds to Gather at GSI Commerce 2010 Summit

NBA Commissioner, CEO of Barnes & Noble, and Executives from the Estée Lauder Companies, Best Buy and PayPal to Address Attendees

GSI Commerce 2010 Summit

KING OF PRUSSIA, Pa.--(BUSINESS WIRE)--GSI Commerce Inc. (Nasdaq: GSIC), the leading provider of e-commerce and interactive marketing solutions, today announced it will hold the company’s annual client summit on April 21 and 22 at the Waldorf Astoria hotel in New York City. The summit will provide insight on how the Internet is changing the retail industry and the strategies that executives from leading retailers and brands are implementing to adapt to these changes.

“The summit is an opportunity for our clients to hear from the leading minds in e-commerce and leave with the knowledge they need to have winning online businesses.”

With an impressive roster of speakers, the event has record attendance from GSI’s base of more than 500 clients. Keynote speakers include:

• William J. Lynch, Jr., CEO of Barnes & Noble, Inc., recently promoted from his role as president of Barnes & Noble’s website.


• John Batelle, journalist, best-selling author of The Search and co-founding editor of Wired magazine will host a panel discussion on how the Internet is impacting panelists’ businesses. Panelists include:
  
  
  • National Basketball Association commissioner David Stern. More than $2.5 billion of NBA-branded merchandise is sold in retail stores and online.
  
  
  • The Estée Lauder Companies Inc.’s executive chairman William Lauder. The company has annual sales of $7.3 billion and sells products in more than 140 countries.
  
  
  • John Thompson, senior vice president and general manager of BestBuy.com. BestBuy.com is a top 10 Internet retailer, achieving $2 billion of online sales in fiscal 2010.
  
  


• Scott Thompson, president of PayPal, will share his views on changing consumer needs in e-commerce.

GSI founder and CEO Michel Rubin stated, “Online retail is experiencing significant changes. To remain relevant, retailers and brands must keep their fingers on the pulse of what consumers want now. They must also stay on top of the direction in which the industry is moving and ensure that their businesses evolve.” Rubin continued, “The summit is an opportunity for our clients to hear from the leading minds in e-commerce and leave with the knowledge they need to have winning online businesses.”

Rubin himself will deliver a keynote address in which he will reveal the 10 most significant trends impacting online retail today.

For details about GSI’s Connect 2010 Client Summit or to request press credentials to attend, please contact Kelly Henry at news@gsicommerce.com or 610.491.7474.

About GSI Commerce

GSI Commerce® is the leading provider of services that enable e-commerce, multichannel retailing and interactive marketing for large, business-to-consumer (b2c) enterprises in the U.S. and internationally. We deliver customized solutions through an e-commerce platform, which is comprised of technology, fulfillment and customer care and is available on a modular basis or as part of an integrated, end-to-end solution. We offer a full suite of interactive marketing services through two divisions, TrueActionTM and e-Dialog. Additionally, we provide brands and retailers a platform for online private sales through RueLaLa.com, and an online, off-price marketplace, SmartBargains.com.