China’s Third-Party Payment Licenses Cost Plummets By Nearly Half

The price of third-party payment licenses dropped nearly 50% during the first half of the year, with Chinese internet giants Alibaba and Tencent taking major chunk of the market share. The license cost cooled down to the range of RMB300 million (US$43 million) to RMB400 million (US$57 million) from earlier RMB800 million (US$115 million) to RMB1 […]

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