Great article, Misha!
Even though both PayPal and Alipay serve the same purpose and work in a similar way, it's unlikely that they are going to compete against each other any time soon. I don't believe that PayPal would be ever allowed to operate in China as equivalent to Alipay. Paypal would certainly face too many regulatory challenges and legal obstacles.
I think that one of the principal issues with Paypal in China would be the fact it has high degree of anonymity, all you need to have an account is a credit card issued by any bank anywhere in the world . On the other hand, Alipay account is tied to the owner's identity and requires registering with ID.
The content of this field is kept private and will not be shown publicly.
More information about text formats
To prevent automated spam submissions leave this field empty.
Enter the characters shown in the image.