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Chinese mobile telecommunication operator China Mobile or its state-owned parent may buy 20% of Shanghai Pudong Development Bank for $5.9 billion, Bloomberg reports. Such an investment may provide the phone company with a platform to offer wireless-banking services to over 527 million customers, according to the same source. In 2009, China Mobile started to enable [...]
The post Pudong Development Bank plans to sell stake to China Mobile appeared first on Payments Cards & Mobile.
