China Mobile Beijing branch and the Beijing-based hypermarket retailer Wumart Stores have signed a strategic cooperation agreement on payment by mobile phone.

According to Lakala Shanghai, from now on, consumers can go to over 5,000 Lakala payment sites in convenience stores, supermarkets, and drugstores in Shanghai to print various coupons free of charge.

According to Ouyang Weimin, the director of the Payment System Department of the People's Bank of China, PBOC plans to issue licenses to Chinese online third-party payment platforms to bring more competition and a higher level of security into this sector of the industry.

Taobao.com, the Internet shopping subsidiary of the Chinese B2B e-commerce group Alibaba, has announced that it will cooperate with China Mobile to launch a new mobile phone short message-based price comparison service.

Chinese apparel maker and retailer Baoxiniao has announced plans to raise up to CNY800 million finance for the opening of 178 new stores by issuing new shares.

According to Taiwan's financial regulatory department, 368 stores in Taiwan have installed UnionPay's terminals to accept bank card and credit card payments from mainland consumers.