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Ebay's Paypal to Set Up International E-Commerce Hub in Chongqing, China
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Release time：2010-12-29
Browse：3270
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EBay Inc.’s PayPal business said it agreed with the municipal government in Chongqing, China, to set up an international e-commerce hub to help Chinese merchants conduct faster cross-border trade.
PayPal and the Chongqing government will jointly set up a foreign exchange settlement solution and five centers for verification, investment promotion, national telesales, merchant training and regional business development, Dickson Seow, a Singapore-based spokesman for PayPal, said in an e-mail today. Financial terms weren’t disclosed.
Source from Bloomberg
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