PayPal becomes first foreign firm in China with full ownership of payments business

PayPal becomes first foreign firm in China with full ownership of payments business

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https://www.reuters.com/article/us-china-paypal-stake/paypal-becomes-first-foreign-firm-in-china-with-full-ownership-of-payments-business-idUSKBN29J0IC

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.