Thursday February 27, 2020

Collison brothers' Stripe takes on China

Online payment business Stripe has entered the Chinese market.

29th June, 2014

Online payment business Stripe has entered the Chinese market, with access to 300 million users through a deal struck with the country’s biggest internet company.

Stripe – valued at $1.75 billion and founded by Limerick-born brothers Patrick and John Collison – has formed a partnership with Alipay, the payment unit of Alibaba, the company that operates in the Ebay and Amazon space in China.

Stripe’s software can now be used by Alipay’s 300 million Chinese...

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