The Dunhuang net will no longer use PayPal's payment method, the two sides will stop the internal cooperation relations

This means that the world's largest online payment giant is officially breaking up with its Asia-Pacific largest partner.

Dunhuang Network is a Chinese business-to-business small foreign trade wholesale platform, the global 4 million buyers through the platform online direct procurement of Chinese goods. Both sides are unwilling to disclose the reasons for the cessation of cooperation. Dunhuang Network said that after the PayPal stop cooperation, the Dunhuang network also for the global buyers, including Visa, MasterCard credit cards, Western Union payments, such as nearly 30 kinds of payment methods.

Dunhuang Network and PayPal cooperation began in March 2006, is currently PayPal Asia Pacific's largest partner. April 2011, both sides also launched a mobile payment client, the Dunhuang network became PayPal in China's first mobile E-commerce platform partner.

Why do so close partners break up now? Meng International analyst, said that the rapid development of China's market, PayPal is unlikely to be a major strategic adjustment.

"The current Cross-border payment competition is fierce, including UnionPay, MasterCard, Alipay and other payment giants have developed the corresponding products, and PayPal costs relatively high, the Dunhuang network is likely to find a new partner." "Meng thinks. Wang, the chief executive of the Dunhuang Network, has said that no company in the world can solve the full range of business-to-business payments.

PayPal is not the first to stop cooperating with Chinese partners. August 3, 2011, PayPal and Ali Global fast-selling end of the partnership, PayPal has explained that this is only a simple business behavior.

PayPal is the largest global online payment company, and the Greater China region is already the third largest market in the world.