Paypal out of China? ...peut-être du cash à faire là!

Remember that massive deal between PayPal and the Chinese B2B e-commerce siteDHgate? The huge one that was PayPal’s biggest partnership in Asia? 

Well, it’s all over.

Chinese media is reporting that DHgate removed PayPal as an e-payment option on August 6th, ending the tie-up that was announced in April of last year.

http://www.trunkbow.com/

BEIJING, Aug. 13, 2012 /PRNewswire-Asia/ -- Trunkbow International Holdings Limited (NASDAQ: TBOW) ("Trunkbow" or the "Company"), a leading provider of Mobile Payment Solutions ("MPS") and Mobile Value Added Solutions ("MVAS") in China, today announced that it has entered into a framework agreement with China Communications Services Corporation, Limited (Hong Kong Stock Exchange: 0552) ("CCSC") for the construction, management and operation of a cloud data center inGuangzhou, China. Construction on the facility began in the second quarter, with the first phase scheduled for completion by the end of 2012.