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April 28, 2010

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PayPal on AliExpress

ALIBABA.COM Inc said yesterday that PayPal services will be offered on AliExpress, its new wholesale Website. PayPal, an online payment subsidiary of eBay, allows customers to safely conduct monetary transactions across borders.

It's the first cooperation between the former rivals after Alibaba and eBay competed in the Chinese online auction market several years ago.

Alibaba will invest US$100 million in AliExpress services in future.
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