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Ele.me & Alipay, Both under Alibaba, Launch 10B-Yuan Support Plan for Merchants
Ele.me, a subsidiary of BABA-W (09988.HK)(BABA.US), announced the launch of a 10-billion-yuan support plan in collaboration with Alipay. Under which, dining merchants with cash reg...
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Ele.me & Alipay, Both under Alibaba, Launch 10B-Yuan Support Plan for Merchants
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Ele.me, a subsidiary of BABA-W (09988.HK)  -1.200 (-1.054%)    Short selling $653.05M; Ratio 13.741%   (BABA.US)      , announced the launch of a 10-billion-yuan support plan in collaboration with Alipay.

Under which, dining merchants with cash registers or QR code ordering mini-programs can receive additional subsidies in the form of Alipay red envelopes after upgrading, and will be provided with "Alipay Tap!" gear for free.

Related NewsCMBI Reduces Alibaba (BABA.US)'s TP to USD141.2; Greater Investment in Instant Retail Weighs Down ST Earnings
Meanwhile, customers completing transactions through "Alipay Tap!" will randomly receive store-specific payment red envelopes or takeaway red envelopes, with additional subsidies from Alipay, requiring no extra investment from merchants.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-17 12:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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