ebay to foray into China

Paypal, secure online payment service f e-bay has more than 85 million users around the world. Paypal is available in total 24 currencies.

history of paypal
history of paypal

Paypal has decided to set up international e-commerce hub in Chongqing, largest industrial and commercial hub in south east china. This is going to enable cross border transactions in China. It will help customer to do payment in many available currencies through paypal, helping to grow e-bay. It will also help to sell Chinese products in different markets into other countries.

Currently, Most of the transaction and payment in China are done through Alipay, third party payment platform started by alibaba group,which has about 53 million users across china for B2B e-commerce.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s