[sabalaba]

This is a huge deal. I'm currently in Shenzhen and Alipay (支付宝) is a common and convenient way to make payments, on Taobao, in person, or otherwise. Alipay is an interesting product in its own right, even if examined independently of the Alibaba Group. It has a money market service, Yu'E Bao (余额宝) that is currently a top 3 global money market fund with $89B AUM. That's a taste of the scale of the market in China.

http://www.slideshare.net/kleinerperkins/internet-trends-201...

[dikunlun]

Same here, working in Shanghai, building a few products and we could not really find an elegant way to integrate payment in those targeted to the Chinese audience. Using Stripe for all of the payments is an awesome news!

[gatehouse]

(slide 136)