BOC Credit Card (International) Limited and JCB International (JCBI) have agreed that BOCI starts acquiring e-commerce (EC) merchants in China.

The pilot program of China’s railway e-Ticket sales system has been launched at Beijing-Tianjin and Beijing-Shanghai intercity railway lines. The first e-Ticket was booked and paid via Internet using ICBC card.

Alibaba.com has entered into an agreement to acquire Vendio Services, Inc., a multi-channel e-commerce company providing a one-stop solution for small businesses that are selling online across multiple channels.

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.

Chinova Information Technology is appointed partner for the development and operation of ChinaPay’s online shopping mall for high quality domestic and overseas products and services.

International card processor Rahaxi is working together with Chinapay, the online arm of China Unionpay (CUP) to create a platform that will enable European banks and merchants to accept Chinese credit cards for the first time.

Chinese language Internet search provider Baidu.com (Nasdaq: BIDU) has launched its online shopping and C2C platform – Baidu Youa. The customers, driven to this platform primarily through Baidu’s search engine, will be able to use a Baidu-branded online payment system, BaiFuBao, to make purchases.

Japan Post Service Co., a mail delivery unit of Japan Post Holdings Co. will open an online shopping mall site for Chinese consumers and Japanese residents in China. Customers will be able to pay for purchases with credit cards and have their orders sent to China by express mail service.

Alibaba.com Limited and SOFTBANK Corp. have formed a joint venture company called Alibaba.com Japan. The new company will take over the operation of Alibaba.com’s existing Japanese-language website which connects small and medium enterprises (SMEs) in Japan with buyers and suppliers around the world. SOFTBANK has been a strategic investor in the Alibaba Group for many [...]

Industrial and Commercial Bank of China (ICBC) and online game provider NetDragon Websoft Inc. have officially launched a new co-branded, Unionpay standard credit card, the “Peony NetDragon Credit Card”.