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PayPal Teams Up with DHgate to Open a New Chapter of Cross-border Mobile Commerce

PayPal
2011-04-15 17:30 1767

DHgate uses PayPal's Mobile Express Checkout to enable buyers around the world to buy millions of Chinese wholesale products from their mobile devices

BEIJING, April 14, 2011 /PRNewswire-Asia/ -- PayPal, the global leader in online and mobile payments, today announced its strategic cooperation in international m-commerce with DHgate, a leading online marketplace in China. DHgate's mobile shopping website (http://m.dhgate.com ) incorporates PayPal's Mobile Express Checkout solution to allow more than 94 million active PayPal users in 190 markets to purchase over three million Chinese wholesale products across 4,000 categories anytime, anywhere from their smartphones and mobile devices in as little as two clicks and without the need to enter in their credit card information on a small screen.  The security of the mobile transaction is also greatly enhanced as PayPal does not share any user information with merchants and no financial details are stored on the mobile device. The executives from the two companies signed a cooperation agreement at the 2011 China Mobile Payment Industry Summit opening this morning.


William Zhou, Head of Merchant Services of PayPal China (Left), and Michael Liu, Operation VP of DHgate (Right), showcase DHgate mobile shopping site (m.dhgate.com) incorporating PayPal's Mobile Express Checkout solution


DHgate's mobile shopping website incorporates PayPal's Mobile Express Checkout solution to allow international buyers to purchase Chinese products from their smartphones and mobile devices


DHgate customers can now shop and pay on their mobile devices in as little as two clicks with PayPal

As the global mobile payment leader with safer, faster mobile express checkout solutions and a significant overseas user base, PayPal is committed to helping all Chinese merchants to catch up with the booming worldwide m-commerce trends and thus reach more global customers to increase their overseas sales. According to Gartner Inc., worldwide smartphone sales will reach 468 million units in 2011, a 58% increase from 2010, and expected to grow to 1.1 billion smartphones by 2015. In addition, consumers globally are expected to spend $119 billion by 2015 through their mobile phones according to ABI Research. PayPal had US$750 million in total mobile payment transactions in 2010, with more than 5 million users of its mobile products at the end of last year, and expects mobile transactions on its global payment platform to more than double to US$2 billion in 2011. Since late 2010 when PayPal launched its Mobile Express Checkout solution, merchants around the world using this mobile payment solution have reported double-digit sales growth on their mobile stores.

"With billions already being spent worldwide on mobile devices, it's clear that m-commerce is a key megatrend as global buyers love the convenience of shopping and paying for great deals anytime and anywhere. Chinese merchants need to aggressively pursue high-growth mobile commerce opportunities in order to be where their overseas customers are shopping, and this is increasingly on smartphones and mobile devices," said Alan Tien, General Manager of PayPal China. "PayPal's mobile payment solutions are very popular in the global market with the integration of major e-commerce marketplaces and big name brands and today we're excited to be the mobile payment platform for DHgate's newly launched mobile shopping site. DHgate is leading the local industry to provide a fast, secure mobile shopping experience for global buyers and we believe their success will convince more Chinese merchants to use PayPal's mobile payment solutions to expand their business through cross-border mobile commerce."

"As a leading marketplace in China, DHgate is making endless efforts to enable millions of overseas buyers to buy wholesale products directly from Chinese businesses.  With the increasing momentum of m-commerce, we need to have a mobile shopping presence to meet the changing needs of how overseas buyers prefer to shop and pay now and in the future. We deeply believe PayPal will become our important partner for us to participate in the mobile commerce revolution as there are already millions of PayPal users purchasing on their mobile devices worldwide and PayPal's mobile express checkout allows shoppers to quickly and safely pay for over three million Chinese products on our mobile shopping site," said Diane Wang, CEO of DHgate.

About PayPal

PayPal is the faster, safer way to pay and get paid online. The service allows members to send payments without sharing financial information, with the flexibility to pay using their account balances, bank accounts (where available), debit cards and credit cards in various markets. PayPal is an eBay company and enables global e-commerce with more than 94 million active accounts in 190 markets and 24 currencies around the world. The company's open payment platform, PayPal X, allows developers to build innovative payment applications on multiple platforms and devices. More information about the company can be found at https://www.paypal.com/ 

PayPal is headquartered in San Jose, California and its international headquarters is located in Singapore.

About DHgate

DHgate is a leading international B2B e-commerce enterprise. We serve as a platform to help small and medium enterprises in China to enter global market through cross-border e-commerce. By opening up a brand new international business model, DHgate is making e-commerce easier, safer, and more efficiency. Dhgate is building an online silk road between the enterprises in China and foreign buyers. As the pioneer of B2B overseas e-commerce trading platform, DHgate has fully considered the specificity of international trade, combining e-commerce with traditional international trade. For the operation of international trade, DHgate offers professional and effective information, Safe and reliable capital, quick and convenient logistics. More information about the company can be found at https://www.DHgate.com/ 

For further information, please contact:

For PayPal China:  For DHgate:
David Ye Bill Hu
Head of Marketing DHgate.com
Tel: +86-21-2308-8209 Tel: +86-10-8202-8870 Ext.2398
Email: daye@paypal.com Email: huhao@dhgate.com
   
Colin Yang  
The Hoffman Agency  
Tel: +86-21-6391-6073  
Email: cyang@hoffman.com  
   
For PayPal Asia Pacific:   
Dickson Seow  
Director of Corporate Communications  
Tel: +65-6510-6463  
Email: dseow@paypal.com  
Source: PayPal
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