KARLSRUHE, Germany, February 8 /PRNewswire-FirstCall/ --

- Alipay is the Most Popular and Extensively Used eCommerce Payment Solution in China

- asknet Enhances eCommerce Offering for the Chinese Market and Provides an Easier Market Entry to its Customers

- Alipay has More Than 270 Million Registered Users and a Total Daily Transaction Volume Exceeding US$ 176 Million, Through More Than Five Million Daily Transactions

asknet AG, recently ranked as one of Germany's fastest-growing technology companies in Deloitte's "Technology Fast 50" report, announced Alipay will now be offered as an online payment solution to its customers.

Alipay is China's leading online payment service in terms of total number of registered users and total transaction volume. Alipay enables individuals and businesses to safely, conveniently and quickly send and receive payments online. It uses an escrow system that minimizes settlement risk in transactions and has been the key to the rapid growth of e-commerce in China.

Established in 2004 by Alibaba Group, Alipay has become the most popular, extensively used and trusted online payment tool in all areas of eCommerce in China. Alipay has more than 270 million registered users and a total daily transaction volume exceeding US$ 176 million, through more than five million daily transactions.

"With Alipay, asknet expands its global eCommerce payment portfolio. We are proud to work with China's leading online payment service. This cooperation will greatly ease our customers' entry into the Chinese digital product market and provide additional value to our existing offering to sell online in China", says Michael Konrad, CFO of asknet.

"Alipay is continually focused on providing the most secure and convenient payment services to our users," says Polo Shao, president of Alipay. "We are excited to work with asknet to offer state-of-the-art payment solutions to customers in their online transactions."

With Alipay and its partnerships with leading national and regional banks across China, asknet's software publishers can offer Chinese end customers their preferred payment option when buying internationally renowned software online.

About asknet

asknet offers its clients customized outsourcing solutions for global software sales via the Internet. Founded in 1995 as a spin-off of the University of Karlsruhe, one of Germany's most prestigious technical universities, the company has become the number two independent global provider for electronic software distribution. In addition to its fully integrated shop solutions for software publishers, the company develops and maintains portals for software distribution such as softwarehouse.de, one of Europe's largest platform for downloads of standard software. In 2008, asknet had sales of approximately 74.7 million euros. In 2009 the Karlsruhe company was named in the Deloitte Touche Tohmatsu "Technology Fast 50" ranking of the fastest-growing technology firms in Germany. Among its clients are well-known providers of specialty software such as CollabNet, DivX, F-Secure, Nero, Panda Security, Steganos, and NetObjects. asknet supplies software products to around eighty percent of German universities. More information about asknet is available at http://www.asknet.com.

About Alipay

Alipay is China's leading online payment solution, enabling individuals and businesses to execute payments online in an easy, safe and secure manner. Alipay had a registered user base of over 270 million as of 31 December 2009. Alipay partners with banks to provide an escrow service for payments, which reduces the settlement risks faced by Alipay's customers in their e-Commerce transactions. Alibaba Group founded Alipay, headquartered in Hangzhou, China, in 2004.

    Contact Partner

    asknet AG
    Kirsten Neininger
    phone: +49(0)721-96458-6399
    eMail: kirsten.neininger@asknet.com

    asknet, Inc.
    Bernard Haug
    Phone: +1-415-352-2622
    eMail: bernard.haug@asknet.com

    Alipay
    Justine Chao
    Phone: +852-6272-6188
    Email: justinechao@hk.alibaba-inc.com

    http://www.asknet.com

SOURCE asknet AG

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