99Bill Partners eBay Payment Tool

Shanghai-based online payment service provider 99Bill expects to expand its global market through a recently-signed contract with eBay's (Nasdaq:EBAY) online payment tool PayPal, reports Xinhuanet.com. PayPal has more than 165 million users in 190 countries and regions, while 99Bill had 30 million individual users and 180,000 enterprises users by mid-November 2008. 99Bill transactions rose 25% above normal volumes during a holiday promotion that ran from last December through Spring Festival, reports DoNews.