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PayPal to Build Global E-Commerce Hub in Chongqing

PRNewswire-Asia, 12/28/10

eBay's online payment platform PayPal today signed an exclusive agreement with the Chongqing municipal government to jointly develop an international e-commerce hub in Chongqing. According to the agreement, the Chongqing municipal government and PayPal will partner to jointly set up a foreign exchange settlement solution and five international e-commerce centers, including a verification center, investment promotion center, national telesales center, merchant training center and regional business development center, over the next few months.

Today, Huang Qifan, mayor of Chongqing, Tong Xiaoping, vice mayor of Chongqing, and Liao Yixuan, deputy director-general of Chongqing municipal government participated in a signing ceremony along with Chris Yao, PayPal's vice president of Greater China to commemorate the new partnership. Also at the ceremony, the Chongqing Economic and Information Industry Committee signed an agreement with the government of Yuzhong District on the joint development of the "E-Commerce Valley." Huang granted the name plate to Chongqing International E-Commerce Verification Center.

Keywords: Tong Xiaoping Liao Yixuan Chris Yao Huang Qifan e-commerce eBay foreign exchange Internet training PayPal online payment e-payment

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