The People's Bank of China has published a report saying that it has issued licenses for non-financial institutions to operate payment businesses to 27 companies, including Alipay.com.

The Chinese third-party electronic payment platform 99bill.com has announced that its new research and development center in Nanjing has gone into operation.

Chinese online game developer Shanda Interactive Entertainment Limited announced its unaudited consolidated financial results for the second quarter ended June 30, 2009.

According to the Ministry of Public Security of China, many overseas pornographic websites are now charging fees via third-party online payment platforms, including Alipay, 99bill.com, and Yeepay.com, in China, making these platforms important payment channels for the websites.

In a move that seems like eBay's subsidiary PayPal might be contemplating a Chinese acquisition, Chinese independent third-party online payment company 99bill.com has signed an agreement with PayPal to jointly improve its international payment efficiency and promote international trade settlement.

Daoyao.com, the online drugstore branch of Shanghai Fosun Pharmaceutical, has announced that the company reached an agreement with the third-party Internet payment platform 99bill.com to jointly develop a business in the online drugstore sector.

Chinese online payment company 99Bill has launched an installment credit service — a first in China for e-payment services — to allow consumers to buy goods by paying in installments.