Baidu and eBay to Collaborate in China

From BusinessWeek:

"Chinese Web portal Baidu Inc. said Wednesday it signed a multi-year, cross-promotional partnership with eBay EachNet, a Chinese commerce site that was bought by eBay in 2002.

Under terms of the agreement, Baidu will promote PayPal Beibao, PayPal's service in China, as the preferred payment method on Baidu. In return, eBay EachNet will use Baidu as the exclusive search provider on eBay EachNet."