Suning Yifubao, the online payment service of Suning Commerce Group Co. Ltd. (002024.CN), has signed cooperation agreements with 70 domestic banks, China Securities Journal reported Tuesday, citing a company statement. These include Industrial and Commercial Bank of China Ltd. (01398.HK, 601398.CN), China Construction Bank Corp. (00939.HK, 601939.CN) and Agricultural Bank of China Ltd. (01288.HK, 601288.CN). The company expects to sign up more than 100 bank partners in 2014. It may support payment through foreign bank cards, the report said.
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