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Chinese Internet search company Baidu Inc and eBay's EachNet, an e-commerce company in China, said on November 08 they had reached a collaboration deal.
Under the agreement, Baidu will promote PayPal Beibao, PayPal's service in China, and will become the exclusive provider of text-based search advertising on EachNet. EachNet and Baidu will also develop a co-branded toolbar.

Copyright Reuters, 2006

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