News this week: China’s largest
e-commerce company, the Alibaba Group, and MasterCard have
signed a Memorandum of Understanding (MoU) agreeing to collaborate in
e-commerce business in the future.
Under the terms of
the MoU, the two companies aim to join forces to establish an enhanced
e-commerce environment to benefit consumers and small businesses. They agreed
to work together to help combat intellectual property infringement.
Both companies
believe the MoU will help to provide a safe and efficient payment experience
for users of Alibaba Group’s platforms. They will also cooperate on innovations
on cross-border payments, acceptance, security and risk management.
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