U.S.-based CyberSource Corporation and China-based PayEase Technology are teaming up to provide global merchants with fast and cost-effective access to the local online payment vehicles in China. Their joint solution is available now, and, a merchant’s ability to accept Chinese bank cards is subject to satisfaction of certain eligibility criteria and regulatory requirements.

The online sale of lottery tickets has been banned from Jan. 2 by a circular jointly issued by the Ministry of Finance, the Ministry of Civil Affairs and the General Administration of Sports. Telecommunications regulators will punish those caught selling tickets online and violators could face prosecution.

China Southern Airlines, the largest airline in China has launched a new telephone payment system which allow customers to purchase their e-tickets by dialing a number.

On October 30 the ticketing center of the Beijing Organizing Committee for the Games of the XXIX Olympiad (BOCOG) decided to temporarily halt the domestic ticket sales in the second phase because the issue of the communications jam could not be solved in a short time frame. The center will announce new ticketing information on [...]

China Southern Airlines has launched its new global website with an e-ticketing system (http://www.flychinasouthern.com), marking another key step for China Southern to tap the international travel market.

B2B marketplace Alibaba.com and the Industrial and Commercial Bank of China (ICBC) have recently signed a strategic cooperation agreement under which they will work together to provide business loans to small and medium-sized enterprises (SMEs) and to build a joint online platform offering services such as online financing, online payments and financial consulting.

First Data International reported it has signed a three-year merchant processing agreement with Lenovo, the world’s third-largest PC vendor. First Data will offer its payment processing solutions, from virtually anywhere in the world, to the company’s worldwide Internet consumer and business clients. First Data’s primary banking partner ABN AMRO will serve as the major acquiring [...]

Chinese internet search company Baidu and eBay’s EachNet said that they had reached a collaboration deal. Under the agreement, Baidu will promote Beibao, PayPal’s service in China, and will become the exclusive provider of text-based search advertising on EachNet. EachNet and Baidu will also develop a co-branded toolbar. ( Yahoo News )

Joyo.com, the biggest online Chinese bookstore has announced that its second largest operation center has opened for business in Suzhou Industrial Park. The new operation center will support Joyo.com’s efforts to develop its business in Eastern China, using Amazon’s world-leading logistics technology and successful online retail experience to provide easy and convenient e-commerce service to [...]

Peace may have broken out between eBay and Yahoo in the United States, but one of the bloodiest battles on the web – the contest over China’s online auction space – rages on between their Chinese allies. Yahoo and eBay announced last week they’ll cooperate on their U.S. search, advertising, and online payment efforts. But [...]