Posted inChina

PayPal nets China foothold with GoPay

PayPal Holdings has taken a 70% stake in GoPay’s parent company for an undisclosed sum, making it the first overseas firm to have an online payments license in China. According to Yicai Global, California-based PayPal bought the stake in Guofubao Information Technology from HNA Technology Group, it said in a statement yesterday. The People’s Bank […]