PayPal, the payment subsidiary of US online shopping website eBay, is negotiating with Chinese online business-to-business supplier Alibaba to introduce its online payment service into China through one of Alibaba’s sites, AliExpress.
AliExpress is a new wholesale marketplace launched by Alibaba in 2009, catering to orders as small as one item.
If the negotiations are successful, AliExpress will enable Chinese vendors and foreign buyers to source goods directly from China.
(Source: China Sourcing News)