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Pay88 Acquires Chinese Online Marketer Qianbao

Pay88 Inc, a Chinese electronic payment-processing firm, has acquired online marketing systems developer Qianbao for an undisclosed amount of stock.

Pay88 Inc, a Chinese electronic payment-processing firm, has acquired online marketing systems developer Qianbao for an undisclosed amount of stock.

Qianbao has just completed building www.iamseller.com, a Web site through which it expects consumer product companies to market their products.

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