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Article: China : Alibaba partners with Bank of China to better support Alipay payment system.
- Article from:
- TendersInfo
- Article date:
- July 24, 2009
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Byline: babalu03
China's e-commerce leader Alibaba Group announced about its collaboration with the Bank of China on international business development and domestic programs expanding.
This deal follows senior Alibaba executives visit to Silicon Valley earlier this year, who met with such companies as Google, eBay and Amazon.com in order to discuss possible partnerships. Thus, Alibaba raised the topics, including bringing its online auction and payment platforms to the US.
The Bank of China deal gives the biggest support to Alibaba's online payment subsidiary Alipay that will work with the bank to make foreign transactions easier for users. ...