Could Alibaba Rescue Apple Pay?

Jack Ma may bring mobile pay system to China

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Could an Apple-Alibaba alliance be in the works? The two formidable tech companies have started a well-choreographed dance around Apple's new mobile payment system, Apple Pay, which some big retail chains in the U.S. are snubbing. 

Jack Ma, the billionaire who founded China's massive online store Alibaba, on Monday said he's open to bringing Apple Pay to the Chinese market, Reuters reported. "I hope we can do something together," he said at a Wall Street Journal digital conference in California.

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