EBay’s Paypal to Set Up Global E-Commerce Hub in China
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EBay Inc.’s PayPal business will set up an international e-commerce hub in Chongqing, China, as the company aims to boost exports from the nation by helping merchants conduct faster cross-border trade.
PayPal agreed with Chongqing’s municipal government to set up the center to offer foreign exchange settlement, telesales, training, verification and other services, Dickson Seow, a Singapore-based spokesman, said in an e-mail today. He didn’t disclose financial terms.