Baidu-PayPal Partnership

Baidu Inc. has entered into a strategic partnership with PayPal to tap overseas merchants. Under this deal, Baidu’s payment platform, Baidu Wallet, will be accepted by nearly 20 million PayPal merchants across the world. “Partnering with PayPal on technology and product innovation will provide Baidu users with the ultimate cross-border consumer experience,” states Baidu Senior Vice President Guang Zhu. This agreement comes at a good time, as leading payment firms such as Ant Financial and Tencent Holdings Ltd. are making aggressive moves to expand their services overseas.

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