According to reports in Financial Times, the world’s leading retailer Wal-Mart plans to launch e-commerce business in China and Japan and it is currently establishing the technology platform.
PayPal, the Internet payment subsidiary of the American e-commerce company eBay, has reached a deal with the Chinese intra-bank card system operator China UnionPay, to allow China UnionPay’s card holders to use PayPal as a payment tool when shopping on overseas websites.
