The Luxembourg Financial Mission to China is proving to be a source of optimism and excitement for the Luxembourg business scene. Today, in addition to the news of yet one other major Chinese bank planning to set up shop in Luxembourg (Agricultural Bank of China - ABC), the news of Alipay intending to set up an European entity in the Grand Duchy will make our friends in the ICT sector rejoice. 

Alipay, one of the pillars of the Alibaba group, is one of the world's strongest contenders in the e-commerce sector (if not already the strongest). And it is Alibaba group that are making Amazon shareholders lose sleep these days. To know more about  Alibaba Group, this WSJ article ahead of its US IPO will give you a primer. And if you need to find your way around China's Internet and e-commerce landscape, this is the roadmap for you, also courtesy of WSJ

卢森堡财政大臣皮埃尔•格拉美亚7月3日在上海举办的论坛上宣布，中国主要的在线支付平台之一支付宝将在卢森堡大公国设立欧洲公司。 中国农业银行也正在筹办在卢森堡设立其欧洲总部的事宜。格拉美亚说道，至此，在最大的六家中资银行中，有五家已经选择了卢森堡作为其欧洲总部。

http://www.weibo.com/3547310947/profile?topnav=1&wvr=5&user=1