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EANS-News: asknet AG
asknet to offer Alipay, the leading online payment solution in China

Karlsruhe (euro adhoc) -

  • 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
  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Company Information
Subtitle: - 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
Karlsruhe, February 8, 2010 - 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 eCommerce 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 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
www.asknet.com
end of announcement                               euro adhoc

Further inquiry note:

Kirsten Neininger
Corporate Marketing Manager
Telefon: +49 (0) 721 96 458 6399
e-mail: kirsten.neininger@asknet.de

Branche: Electronic Commerce
ISIN: DE0005173306
WKN: 517330
Börsen: Frankfurt / free trade/entry standard
Berlin / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade

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