Pay88 Inc. operates through its wholly owned subsidiary Chongqing Qianbao Technology Ltd as a growing digital technology company. Pay88 is a leading reseller of Internet game time in China and is primarily engaged in selling prepaid online multi-player game cards in more than 20 cities in China. The company today announced an agreement with Chongqing Kai Yuan investment Co., which will allow new clients to use Pay88’s platform for financial services, including to apply for loans online.

Chongqing Kai Yuan Investment Co. provides micro-loans to small enterprises throughout Chongqing, the third fastest-growing regional economy in China. Today’s agreement represents Pay88’s first step toward achieving its goal of becoming China’s “online supermarket of financial products and services,” by adding financial services and products to its offerings.

“Kai Yuan has a solid management structure with excellent local know-how about Chinese enterprises, the capital markets and the finance systems, and they provide valuable financial

Pay88, Inc. reported yesterday that its wholly-owned subsidiary Qianbao Technology will act as a distributor for Alibaba.com Limited (HKSE: 1688.HK). Pay88 already has an established network of users in Southwestern China where the distribution for Alibaba will occur.

Pay88, Inc. is a rapidly growing digital technology company and the leading reseller of internet game time in China. Alibaba.com Limited (HKSE: 1688.HK) is the world’s largest marketplace for global trade and the leader in business-to-business (B2B) e-commerce. The agreement will enable Pay88 to expand products in its current distribution pipeline while opening new geographic markets up to Alibaba.

Guo Fan, Chairman and President of Pay88, commented on the new agreement saying, “Pay88’s diverse distribution channels and strong presence in Chongqing and the southwest regions of China offer a unique opportunity to utilize the strengths of both companies.”

Tao Fan, COO of Pay88, added, “As a result of this new relationship, Qianbao Technology will