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At $5.5 trillion, China’s mobile payment market is more than 50 times larger than that of the US. It is now also being shaken up by underdog Tencent, snatching market share from rival Alibaba. Alipay, which Alibaba launched in 2004 as a PayPal-type service to facilitate payments on its Taobao e-commerce platform, has long dominated China’s [...]
The post COMPETITION FOR CHINA’S MOBILE PAYMENT MARKET appeared first on Payments Cards & Mobile.
