China Telecom's Beijing branch has published a report, stating that it will open a mobile phone payment function for its eSurfing 3G users.

China Unicom has reportedly started the public test of its online application store Wostore and the platform will be formally put into operation later this month.

A representative from China Unicom's product innovation department revealed that the operator's mobile phone payment service is undergoing trial use in four cities, including Beijing, Shanghai, Guangzhou, and Chongqing, and the service will be formally put into commercial use in these cities from November 2010.

The China Telecom Chongqing branch has launched a new mobile payment platform for students, aiming to promote the information development on campuses via the Internet of Things technologies.

China UnionPay has collaborated with commercial banks, mobile communication operators, and mobile phone manufactures for the establishment of the Mobile Payment Industry Alliance in China.

Guangdong Development Bank and China Unicom have signed a strategic cooperation agreement in Guangzhou to improve the financial information service of the bank.

Chinese telecom operator China Mobile has finally published an official announcement, confirming that it will invest CNY39.8 billion to acquire a 20% stake in Shanghai Pudong Development Bank.

China Mobile's Beijing branch and the Beijing-based hypermarket retailer Wumart Stores have signed a strategic cooperation agreement for mobile phone payment services.

China UnionPay and China Unicom have signed an agreement in Beijing to form a strategic partnership to implement comprehensive cooperation in the financial payment and communication service sectors.

Chinese telecom operator China Telecom has published a report stating that it will recruit core cooperative partners for its online mobile phone application store.

Alipay, the Internet payment subsidiary of the Chinese B2B e-commerce group Alibaba, has confirmed that after a one-year distribution timeline, its mobile phone payment service will enter an official promotion stage this year.

According to Chinese online shopping platform Taobao.com, the company is currently deploying offline retail kiosks and payment points across China to complement the over 4,000 locations it has already opened in Beijing in such supermarkets and convenience stores as Vanguard, Lianhua and Hi-24.