Flash Report 3 minutesRegister for Free AccessBaidu Forms Strategic Partnership with PayPal Targeting Overseas Payment Market Coresight Research August 2, 2017 Executive Summary PayPal announced that it has formed a strategic partnership with Baidu, which will allow PayPal’s global merchants to accept payments from Baidu Wallet users. The strategic move should help Baidu Wallet better position itself in the overseas payment market. In terms of mobile payment development, Baidu lags behind in the domestic market where Alibaba Group affiliate Ant Financial and Tencent dominate. The partnership with Baidu should further increase PayPal’s appeal to global merchants. PayPal already partnered with UnionPay last year to allow global merchants to accept payments from Chinese customers. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Retail Innovation in China: Insights Presented at Shoptalk 2024Consumers Shift Spending Toward Essential Categories: US Consumer Survey InsightsInnovator Matrix: Last-Mile DeliveryWeekly US and UK Store Openings and Closures Tracker 2024, Week 13: Five Below Announces US Store Expansion Plans