BIZ REPORT -- Aug 30 -- Alipay, a subsidiary of Alibaba, one of China's largest Internet companies with over 47 million users in Mainland China, launched a new service this week that, for the first time, will allow Chinese online shoppers to purchase products from outside China. Alipay, with a current average daily transaction volume of over $19.8 million, intends to have 100 foreign partners and an international volume of around $105 million a month before the end of 2007. FULL ARTICLE @ BIZ REPORT
Mark Brooks: The lacking online payment methods and modes and lack of trust is holding back the internet dating market in China.
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