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shenzhen news network, september 8, 2024 (shenzhen business daily reporter chen shu) after wechat and taobao blocked each other for 8 years, the payment interconnection between the two giants, alibaba and tencent, has made new progress. on september 5, taobao announced that taobao plans to add wechat payment capabilities and will gradually open them to all taobao sellers on september 12, seven days after the announcement.

previously, on september 4, taobao tmall issued an announcement that in order to enhance the consumer shopping experience, taobao plans to add wechat payment capabilities and adjust platform rules after the end of this opinion collection. wechat pay responded on the same day that the function adaptation with taobao platform merchants is currently being opened. previously, wechat pay has successively carried out payment interoperability cooperation with unionpay cloud quickpass, jd pay, payment platforms under the three major operators, and digital rmb. in the future, it will continue to explore and continue to provide convenience for users on the basis of ensuring transaction security.

regarding the addition of wechat pay to taobao, alipay responded that openness, collaboration, innovation and sharing are the basic spirit of the internet and the general trend of industry development.

the industry generally believes that this interconnection will not only create a better experience for consumers, but also create more business growth opportunities for merchants on the taobao tmall platform. previously, some users who preferred to use wechat payment, as well as some users in the sinking market, could not consume smoothly on the taobao tmall platform. after taobao added wechat payment capabilities, these users have the opportunity to become new growth points for taobao tmall merchants.