Chinese Internet company Tencent and China Merchants Bank have signed a strategic cooperating agreement to realize overall cooperation for the construction of a financial service platform.
Chinese online payment provider Alipay is receiving a CNY5 billion cash infusion to help the company expand its e-commerce business.
China Construction Bank and Microsoft China have signed a strategic cooperation memorandum and the two parties will jointly establish a new generation of online banking based on Microsoft’s technology platform to improve the security and convenience of online banking applications.
Chinese Internet shopping website Taobao.com has announced that it has cooperated with its sister company Alipay.com and Bank of China in the launch of a joint-brand credit card.
