PayPal Enters China Market Through GoPay Acquisition

PayPal

The People’s Bank of China has approved PayPal acquisition of a 70 percent stake in Guofubao Information Technology Co. (GoPay), Ltd., a holder of a payment business license in China PayPal becomes the first foreign payment platform to be licensed in China to provide online payment services in the country. “We look forward to partnering […]

UPS Expects to Hire About 100,000 Seasonal Employees for 2019 Holiday Season

UPS Holiday Season Delivery

UPS expects to hire about 100,000 seasonal employees to support the anticipated annual increase in package volume that will begin in November and continue through January 2020. That’s enough people to populate a city the size of Albany, N.Y. “We expect another record Peak season this year, with daily package deliveries nearly doubling compared to […]

Amazon Acquires Technology Startup INLT to Help Sellers Import Goods

Amazon INLT

To make importing products into the United States hassle-free for third-party sellers on its eCommerce platform, Amazon acquired technology startup INLT for an undisclosed amount. INLT is a licensed customs broker that creates software for streamlining the importation of goods. The online retail giant is excited to work with the firm, which has roughly a […]