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Alipay Records 200M Users  

Posted on Jul 06, 2009 | 18:07

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Alibaba Group's online payment subsidiary Alipay announced July 6 that it has exceeded 200 million users, 163.com reports. The figure puts Alipay ahead of eBay's (Nasdaq:EBAY) online payment tool PayPal, which has recorded 180 million users, to become the world's largest online payment platform, and Alipay expects to record higher total transaction volumes than PayPal within the next three years, according to the report.

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