Just as the hectic Chinese Lunar New Year holiday shopping and travel season peaks, two of China's business titans have joined forces to make online shopping faster and easier.
China UnionPay, Sina.com, and Sina's payment subsidiary jointly announced that the three parties have reached a deal to further improve Internet payment services by integrating their products, customers, and channels.
The cooperation will reportedly cover various sectors such as payment products, value-added services, and marketing and promotion. In addition, after obtaining the payment license issued by the People's Bank of China, Sina's payment service formally joined China UnionPay's network. Sina Weibo users who hold UnionPay cards will be able to enjoy the Internet and mobile payment services directly via CUP.
Prior to this deal, Sina Weibo and the company'...
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