Alipay & GNC Partner to Help Chinese Consumers Purchase Health & Nutrition Products Online

NEW YORK and PITTSBURGH, PA, August 28, 2017 – Alipay, one of the world’s leading digital payment platforms, and GNC Holdings Inc. (NYSE: GNC), a leading global specialty retailer of health, wellness and performance products, have partnered to bring GNC’s health and nutrition related products to millions of Chinese consumers. As of July, 2017, all of Alipay’s more than 520 million registered users can purchase GNC’s vitamins, supplements, minerals, herbs, sports nutrition, diet, and energy products using Alipay to pay on Alipay is China’s leading online payment provider and the primary means of online and mobile payment for Chinese consumers.

“Chinese consumers value health and wellness nutritional products from the U.S. because they trust the authenticity and quality of the product,” said Souheil Badran, President, Alipay, North America. “We are thrilled to partner with GNC to make purchasing health and nutrition products easier and more accessible than ever for the Chinese consumer.”

The partnership is part of GNC’s ongoing effort to serve the growing interest by Chinese consumers in buying health and nutritional products from the U.S. as the country becomes more health conscious. China’s vitamins and dietary-supplement market is expected to increase to $28.7 billion by 2021, according to Euromonitor International Ltd.

About Alipay

Operated by Ant Financial Services Group, Alipay is the world’s largest mobile and online payment platform. Launched in 2004, Alipay currently has over 520 million active users and over 200 domestic financial institution partners. Alipay has evolved from a digital wallet to a lifestyle enabler. Users can hail a taxi, book a hotel, buy movie tickets, pay utility bills, make appointments with doctors, or purchase wealth management products directly from within the app. In addition to online payments, Alipay is expanding to in-store offline payments both inside and outside of China. Over 10 million brick-and-mortar merchants now accept Alipay across China. Alipay’s in-store payment service covers more than 30 countries across the world, and tax reimbursement via Alipay is supported in 24 countries and regions. Alipay works with over 250 overseas financial institutions and payment solution providers to enable cross-border payments for Chinese travelling overseas and overseas customers who purchase products from Chinese e-commerce sites. Alipay currently supports 19 currencies. Follow us on Twitter @antfinancial and @alipay.

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