PayPal Posts Strong Quarter, Sending Shares Upward

PayPal is doing well since becoming independent of eBay last year. The company’s latest quarterly earnings impressed investors, sending shares up 7% (while eBay’s latest forecast had shares down 10%).

With active account growth of 11%, PayPal posted $2.67 billion in revenue, a slight beat over analyst projections.

PayPal also announced this week and it is working with Alibaba to make a one-click PayPal payment option on AliExpress, the Chinese ecommerce giant’s global marketplace. China is an increasingly important market for PayPal, where 40 million users have bought an item through the platform.

PayPal Still Looking for Ways to Innovate How We Buy and Sell Things