Chinese e-commerce and online payment behemoth Alibaba Group has signed a memorandum of understanding with MasterCard.
PayPal, the third-party Internet payment platform of eBay, has announced that it will terminate its cooperation with AliExpress, the worldwide site of the Chinese B2B e-commerce group Alibaba, from August 3, 2011.
Chinese e-commerce company Alibaba.com has entered into an agreement to acquire Auctiva, a third-party developer of tools for eBay sellers.
Aliexpress.com, the newly launched Internet wholesale e-commerce subsidiary of the Chinese B2B e-commerce company Alibaba.com, and the international logistics giant UPS have recently formed a strategic alliance.
EBay’s online payment subsidiary PayPal is negotiating with the Chinese B2B e-commerce group Alibaba, aiming to introduce its online payment service in China into Alibaba’s worldwide site of AliExpress.