Alibaba inks deal
By Ding Yining |
July 30, 2010, Friday
|
Print Edition
Print Edition
ALIBABA Group and the Bank of China yesterday signed an agreement to strengthen strategic cooperations in financial services.
The two sides will launch new products for online payments, cross-border transactions and loans for small and medium-sized companies.
They will also work on pilot programs including online installment plans for credit cards and payment platforms on mobile phones.
Alipay, the online payment branch of Alibaba Group, is the country's largest online payment platform with more than 300 million registered users and a daily transaction volume over 1.4 billion yuan (US$206 million).
The two sides will launch new products for online payments, cross-border transactions and loans for small and medium-sized companies.
They will also work on pilot programs including online installment plans for credit cards and payment platforms on mobile phones.
Alipay, the online payment branch of Alibaba Group, is the country's largest online payment platform with more than 300 million registered users and a daily transaction volume over 1.4 billion yuan (US$206 million).
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
