Page 3 - தேசிய நிறுவன கடன் தகவல் விளம்பரம் அமைப்பு News Today : Breaking News, Live Updates & Top Stories | Vimarsana

PayPal becomes first foreign firm in China with full ownership of payments business Reuters 1/14/2021 © Reuters/THOMAS WHITE FILE PHOTO: Illustration photo of the PayPal app on a phone SHANGHAI (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 U.S. 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 Dec. 31, 2020, according to shareholder data from the National Enterprise Credit Information Publicity System.

Ping anKenneth maxwellSamuel shenAndrew galbraithHannah 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 pay