Alibaba's move

A group of high-end retailers in the United States have teamed up with Alipay, which will enable online shoppers in China to purchase goods through Alipay's ePass. Alipay is China's largest third-party payment service.

Merchants participating in the first Black Friday promotion include Saks Fifth Avenue, Neiman Marcus, Bloomingdale's, Macy's, iHerb, Gilt, Ashford, Ann Taylor, American Apparel and Aeropostale. The ePass payment option will allows Chinese shoppers to buy goods in yuan.

Macys Department Store, 34th Street, Manhattan, New York, US, June 6, 2014. [Photo/IC]