I applied through an employee referral. The process took 1 day. I interviewed at PayPal (Shanghai, Shanghai) in Feb 2011
Interview
Telephone interview: not too many questions but just focus on general sense on payment industry and online market, capability of data processing, etc. Since I was referred by my friend in the team, there are not many tough questions. I have to say the actual working requirements are probably less that what you feel during interview.