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China's Alibaba Finance Arm, Xiaomi Partner In Wearable Payments

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy Omniscient Member

Ron Burgundy

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The logo of Alibaba Group is seen inside the company's headquarters in HangzhouAlibaba Group Holding Ltd's finance arm and smartphone maker Xiaomi Inc [XTC.UL] said on Thursday they will jointly develop mobile payment systems using wearable technology, a first for China's major tech firms. Xiaomi and Ant Financial, an Alibaba affiliate which includes China's most popular online payment service Alipay, will enable the Alipay Wallet mobile app to link with Xiaomi's Mi Band smart fitness bracelet.




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