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China spends more than ever on Alipay amid mobile payments boom

China spends more than ever on Alipay amid mobile payments boom Alipay, China’s top mobile wallet app, hit record highs in 2016 for the amount its 450 million users spent online or in stores. The app’s biggest group of spenders, the people of Shanghai, paid out an average US$20,400 last year, said the Alibaba spin-off […]

The post China spends more than ever on Alipay amid mobile payments boom appeared first on Stage Asia - startups directory.

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