#1 Xi says international community must co von DMT 25.03.2019 06:21

HANGZHOU Ali Marpet Jersey , April 21 (Xinhua) -- Alipay, the popular third-party payment service affiliated with China's Alibaba Group, on Monday announced a tie-up with Japan's leading e-commerce company Rakuten.

About 250 shops under Rakuten Global Market Donovan Smith Jersey , Rakuten's international shopping service, started accepting payment by Alipay last week.

About 10,000 of the shops will eventually accept Alipay payments.

Rakuten is the latest Japanese e-commerce platform to cooperate with Alipay following Yahoo Japan Vernon Hargreaves III Jersey , which announced a week earlier that it planned to use Alipay as another payment option for customers from June.

Shopping on Japanese e-commerce platforms is booming in China with the continuous depreciation of the Japanese currency yen.

Alipay has been going global in recent years. It has reached agreements with international e-commerce companies including iherb, a U.S. nutritional supplements company, Forever 21 Chris Godwin Jersey , an American multi-channel apparel retailer and Wiggle, the UK's leading online cycling retailer.

The Rakuten deal comes as Alibaba prepares for its American IPO.

Alibaba dominates China's e-commerce market. Its shopping sites handle more transactions than those of Amazon and eBay combined.

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Kitchen Scales

TOKYO, Sept. 27 (Xinhua) -- The U.S. dollar rose to the upper 112 yen zone Wednesday in Tokyo on expectation of a U.S. rate hike by the end of this year.

At 5 p.m. local time, the dollar was quoted at 112.68-69 yen compared with 112.19-29 yen in New York and 111.75-77 yen in Tokyo at 5 p.m. Tuesday. It moved between 112.26 yen and 112.82 yen during the day.

The euro fetched 1.1755-1757 dollars and 132.46-50 yen against 1.1790-1800 dollars and 132.31-41 yen in New York and 1.1811-1813 dollars and 131.99-132.03 yen in Tokyo late Tuesday afternoon.

On Tuesday Lavonte David Jersey , U.S. Federal Reserve Chair Janet Yellen said that it would be "imprudent to keep monetary policy on hold until inflation is back to 2 percent," which boosted market expectations on a rate increase by the end of this year.

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