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$3.46 Trillion in 3 Months: China’s Colossal Mobile Payments Market

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Xinhua News reports that consumers in China’s third-party mobile payment market spent a total of $3.46 trillion (23 trillion yuan) in mobile transactions during the second quarter of 2017 alone. This represents a 22.5% increase from the first quarter of this year. There are currently 724 million mobile users who call China home, and about […]

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