PayPal to enter China market through local acquisition

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U.S. digital money transfer platform PayPal Holdings Inc has obtained Beijing&#0...

FILE PHOTO: The PayPal logo is seen at an office building in Berlin, Germany, March 5, 2019. REUTERS/Fabrizio Bensch

Gopay Information Technology, PayPal’s acquisition target, has received approval from China’s central bank to sell a 70% stake to PayPal, both companies said on Monday. PayPal will make the acquisition through a subsidiary in Shanghai. No financial terms were disclosed.

 

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No surprise paypal supports communist dictatorships with horrible record on human rights. Way to go comrades.

More censorship coming to a bank account near you!

China's payment system is so advanced. So PayPal needs to innovate fast if it wants to catch up in China

I'm not entirely comfortable with this.

Good luck 😳

...breach in waiting

BSV 💪🐲🔥

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