PayPal Is Confident About China

EBay Inc. Chief Executive John Donahoe said China has become one of the fastest-growing markets for the company’s PayPal business, with total transactions from Greater China through the online-payment system rising 88 percent in the first half.

In an interview Thursday, Mr. Donahoe said PayPal processed more than $2 billion in transactions to Greater China in the first half of this year, the bulk of which was tied to transactions between Chinese merchants and overseas buyers.
PayPal, which Mr. Donahoe says may become eBay’s largest business in three to five years, has been expanding quickly in China. The online-payment system, which is 35 percent of eBay’s global business, has even teamed up with Alibaba Group, long known as an arch-rival in China, to provide payment services through the online wholesale platform AliExpress.

Read the rest of this post on the original site


Must-Reads from other Websites

Panos Mourdoukoutas

Why Apple Should Buy China’s Xiaomi

Paul Graham

What I Didn’t Say

Benjamin Bratton

We Need to Talk About TED

Mat Honan

I, Glasshole: My Year With Google Glass

Chris Ware

All Together Now

Corey S. Powell and Laurie Gwen Shapiro

The Sculpture on the Moon

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Read more »