Skift Take, Airbnb, Marriott, and every high-end retail shop on the Champs-Élysées want to see the proliferation of Alipay and other digital payment services to capture the spending of Chinese travelers. But Alipay's key cross-border payments strategy, despite a record-setting IPO, has run into major snags.

Series: Dennis' Online Travel Briefing

Dennis' Online Travel Briefing

Editor’s Note: Every Wednesday, Executive Editor and online travel rockstar Dennis Schaal will bring readers exclusive reporting and insight into the business of online travel and digital booking, and how this sector has an impact across the travel industry.

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Online Travel This Week Airbnb who? While analysts estimate that Airbnb could raise $3 billion in an initial public offering in the next few months, Jack Ma's Ant Group, which is affiliated with his Alibaba e-commerce giant, just raised $34 billion in Hong Kong and Shanghai in