China Mobile is close to buying a stake in Shanghai Pudong Development Bank in a deal that could spur adoption of the carrier’s mobile payment system across the mainland, according to South China Morning Post.

Hong Kong Exchanges and Clearing Limited (HKEx) is set to start implementing a plan for a next generation data centre to meet its business expansion needs and its markets’ long-term development needs.

Western Union has signed agreements to offer Western Union Money Transfer services with Bank of Jilin, Bank of Harbin, Fujian Haixia Bank and Zhejiang Chouzhou Commercial Bank. These agreements extend Western Union’s network reach to the northeastern, southern and eastern regions of China.

Japan-based Rakuten and Baidu have reached an agreement on the establishment of a joint venture through which the two companies jointly operate an Internet shopping mall in China.

VeriFone Holdings, Inc. has announced that it is co-lead investor in a reverse merger financing for Trunkbow International Holdings Ltd., a Jinan, People’s Republic of China-based mobile payments and value-added service applications company.