American PayPal likely to settle in Chongqing

25 Nov

Chongqing Foreign Trade and Economic Relations Commission released that PayPal from America, the famous operator of the payment instrument for online transaction, was preparing for establishing a subsidiary in Chongqing. Once it was successful, commercial tenants all over the world could do settlement in Chongqing for purchasing online products made in China.
If PayPal settles in Chongqing, this subsidiary will be its first wholly-owned one in China, which may be in Yuzhong District with the registered capital of about 100 million yuan. What is more, it can bring more than 100 strategic partners and then they together will form an industrial cluster of International Electronic Commerce for Chongqing, which may attract more international electronic enterprises to settle in Chongqing. Source CFTERC

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