Tuesday, 4 October 2011
Tencent to cooperate with American Express for online (Reuters)
HONG KONG (Reuters) – China's largest Internet company Tencent Holdings Ltd plans to cooperate with American Express Co to provide cross-border online payments, a source said on Wednesday, as the country's electronics commerce sector grows rapidly.Under the agreement, users of Tencent's Tenpay will be able to shop on key U.S. and British websites and make online payments, the source said.Tencent's shares were up by 1.9 percent in early trade on Wednesday, outperforming the Hang Seng Index's
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