<h2>Alibaba Denies Partnership with Lolli</h2>
This seems Alibaba does not want to get involved in any kind of crypto-related activities. Alibaba denies making any partnership with Lolli. By now, it is evident that the company wants to stay away from involving in <a href="https://www.reddit.com/r/CryptoCurrency/comments/dx571z/alibaba_denies_partnership_with_lolli/">crypto business</a>.

When it was asked to the Binance CEO, Changpeng Zhao if Binance was serving with Alipay and Wechat to adopt fiat currencies, Zhao replied 'Yes' in response to the question. Alipay, who is the virtual payment supporter to Alibaba, showed a negative stance of a company with a 'No' in response to Zhao.

Alibaba revealed their anti-crypto behaviour with a tweet that got them away from cryptocurrencies. It made a tweet:
<blockquote>
<h4><em>There're several reports about @Alipay being used for bitcoin transactions. To reiterate, Alipay closely monitors over-the-counter transactions to identify irregular behaviour and ensure compliance with relevant regulations. [cont'd...]</em></h4>
</blockquote>
The events stimulated a media storm and made exclusive headlines in a quick moment. Zhao had to clarify that the complete event was misquoted by the media. He stated:
<blockquote>
<h4><em>“Some confusion by some news outlets. @Binance is not working directly with WeChat or Alipay. However, users are able to use them in P2P transactions for payment. Still not a small feat. But words/meaning gets twisted as they are passed around.”</em></h4>
</blockquote>
Now, the source's recent report has proclaimed and reaffirmed Alibaba's attitude. As it is not willing to get involved with the activities that are related to crypto. This time crypto company, Lolli takes a hit.

At the beginning of the week, rewards shopping app, Lolli made an announcement of making a partnership with Alibaba on the event of a Single Day. The partnership enabled American customers of Alibaba to get a 5% cashback in Bitcoin while shopping on Alibaba with Lolli app.

Alex Adelman, CEO at Lolli had tweeted then that the partnership with Alibaba was a benchmark for the company considering the fact that Alibaba is the biggest online retail giant. He said:
<blockquote>
<h4>“Our partnership allows our users to earn free bitcoin on millions of products online every day. Arguably the most important piece of this partnership is that it supports our mission of connecting the entire world through commerce.”</h4>
</blockquote>
Alibaba's spokesperson told the source:
<blockquote><em>“One of Alibaba.com’s contractors hired a subcontractor who brokered an affiliate marketing program with Lolli. This was done without the knowledge of Alibaba.com, Alibaba.com’s contractor is terminating the relationship with the subcontractor who was working with Lolli. As a result, Lolli should no longer promote or bring traffic to Alibaba.com.</em>”</blockquote>
The announcement seems like Lolli's try at using Alibaba was a route to promote itself. However, the source reports that agreement allowed the use of "Alibaba related keywords" in online campaigns. Head of communications at Lolli said that the retail giant gave Lolli's services an attempt for 24 hours while the sale was live then went on to break the partnership when it grabbed much attention from the press.

Misquotation of the proclamation resulted in the news coming out as Alibaba directly having ties with Bitcoin. Since China has been banning on crypto very hard, this could be an unhealthy sign for the company. Strobel explained more:
“It seems as though there was a miscommunication on Alibaba’s end and while that’s unfortunate, we look forward to the possibility of working with Alibaba.com again in the future. In the interim, Alibaba Group’s <a href="https://www.cryptoknowmics.com/crypto/free-bitcoin-rewards-feature-on-alibaba-for-us-shoppers/">AliExpress is still live on Lolli</a>.”

Alibaba did not consider this partnership an official partnership and they go on to maintain that fact that Alibaba does not get involved with any bitcoin-related companies. Alibaba's spokesperson affirmed that there was no direct contact between the companies.

Alibaba Denies Partnership with Lolli

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