Very exciting development. Alibab platform intends to enter this business. But I think he has some reservations. It's not easy that change. If a new payment system activates such a large platform, everything changes.
Partnering with a blockchain company does not mean that Alibaba will launch its own coins or tokens because Alibaba could only want to use Blockchain technology to secure its data. Alibaba is a business entity in China and I don't think they will carelessly issue their own cryptocurrency
We don't know the real intensyon since alibaba owner might supporting their President, Alibaba's executive are the taking care of this business since
the popularities of blockchain system is emerging, this technology are getting a lots of attentions and if alibaba will adopt the process then it will help
them maximize the benefits of this new technology.