Sina signs deal with UnionPay

2014-01-24 01:02:23 GMT2014-01-24 09:02:23(Beijing Time)  Global Times

Chinese Internet company Sina Corp announced on Thursday that it has reached a cooperation agreement with China UnionPay, a national bank card association, signaling the Internet giant's intent to enter the Internet payment business.

The two sides will strengthen cooperation on payment products and value-added ­services as well as marketing and promotions, Sina said in a statement.

Sina received a third-party payment license from the People's Bank of China on July 6, 2013 to conduct online payment services within the country.

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Editor: Zhao Wei
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