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PayPal gains full ownership in China US fintech giant eyes bigger foothold in booming market for online payments Reuters January 15, 2021 PHOTO: REUTERS PayPal Holding Inc has become the first foreign operator with 100% control of a payment platform in China, according to Chinese government data, as the US fintech giant eyes a bigger foothold in a booming market for online payments. PayPal acquired the 30% stake it doesn’t already own in China’s GoPay, formally known as Guofubao Information Technology Co, on December 31, 2020, according to shareholder data from the National Enterprise Credit Information Publicity System. Financial details weren’t disclosed in the data.

Ping anHannah qiuGuofubao information technology coPing an groupPaypal holding incAnt groupAlibaba group holding ltdNational enterprise credit information publicity systemTencent holdings ltdPal holding incNational enterprise credit information publicityAlibaba affiliated ant groupWechat payபிங் ஒருஹன்னா கீயூபிங் ஒரு குழு