eBay CEO Meg Whitman on PayPal's China launch:
PayPal also continues its international expansion with last week's launch of PayPal China. Designed for use with any Chinese eCommerce site, PayPal China offers payments in the local currency and integration with 15 local banks and more than 20 different debit cards, and PayPal China also offers buyer protection off eBay, such as with the popular internet portals, Net Ease and Time Online…
(Quotes are from the CCBN StreetEvents transcript.)
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