LAGUNA BEACH Calif. (Reuters) - AlibabaGroup Holdings Ltd executive chairman Jack Ma said he's open to working withApple Inc on mobile payments, as China's richest person prepares to call onHollywood this week in search of media partners.
Alibaba affiliate Alipay is China's largestpayments service, while Apple just this month debuted its own version of amobile wallet, letting iPhone 6 users make payments at retailers with theirsmartphones.
Ma told a Wall Street Journal Digital Liveconference on Monday that he has tremendous respect for Apple CEO Tim Cook.
"I hope we can do somethingtogether," he said when asked if Alipay and Apple Pay might tie up.
Ma, who amassed a fortune estimated at $25billion partly through his stake in recent market debutante Alibaba, is afrequent visitor to the United States. This week, he plans to visit a number ofHollywood studios, reportedly to strike up content deals.
"I want to come here looking forpartners," he said, adding that China will eventually become the world'slargest movie market.
Alibaba, which handles more e-commercetransactions than Amazon.com Inc and eBay Inc combined, does not have much of apresence among American retail customers and Ma said his focus for now was onserving his Chinese clientele.
Ma added that he wanted to work on sellingAmerican and European products to China, reversing the typical flow of goodsover the past 10 to 15 years.
Alibaba has acquired some smaller Americancompanies such as niche online retailer 11Main and Masaid he will continue to invest in the United States.
Pokka 15 minutes ago
Hi America, continue to hide behind thecurtains you all have created and keep on believeing whatever chinese do areevil. Very soon you will find out that its not China that gets boycott butrather the other way round in the end.
Sick of all the anti-chinese propagande too. Did they fired a single missle tocliam soverign? No.
Did you guys fired missle to kill innocent Islams? Yes.
Islam teaches people to be good and not bad. Its the extremist that are doingthe wrong things. i always see people relating terrorism to Islamic, This isnot the case
Same thing goes to communist too. Its a believe just like democracy. Its abelieve to run the country to help your citizens out. All have the pro andcons. And just think of Snowden when you say you are democracy.
Sorry to say I am not an Islam nor from a communist country. I am just lookingall these thingsat the other point of view. Whatever you do please lead byexample.
Tom 1 hour ago
Jack Ma's succeess was untinkable in Chinaa decade ago . . If he can reverse the flow of imports/exports between the USAand China, he could be more effective than some of the US lawmakers on thismatter.
Lemon 38 minutes ago
He sounds like the Japanese more than 2decades ago was trying to buy US's real estates and even University +lands/golf courses but then crashed. Ma will feel the same experiences and whenthe south east Asia disputed islands in hot politics under Red China, there yougo
ScorpionLeather 3 minutes ago
Alibaba - a place where you can buyknockoff junk made of thin plastic that will fall apart within days.
Ricky 1 hour ago
Is it just me or does this guy look like anextraterrestrial?
veryl 1 hour ago
I clicked on this article just to look atthis guy's face. I never thought circus freaks were real, but now I knowbetter. I can't wait to see photos of his girlfriends! I bet they're the mostbeautiful women in America!
Qozzie 1 hour ago
I'm pretty sure that I had a lego characterthat looked like that 0.o
D 40 minutes ago
When Apple starts working with the MerchantPrince of China's Communist Party I will sell all my apple stock even if it isat a loss..
World Sp 12 minutes ago
ACTUALLY RICHEST CHINESE MAN IS IN HONGKONG CITY $35b. Hong kong is a city of china. Why did they count separately? Istill dont get it.
pl 22 minutes ago
Chinese merchants taking credit cards?well, that is a first time in my life because I though they were always cashonly.