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| Source: Google PayPal has become the first foreign firm to fully pay business in China |
US fintech platform PayPal has become the first foreign firm to have 100% control of the payments business in China. PayPal recently bought the remaining 30% stake in China's GoPay, acquiring a 70% stake in it a year earlier. In 2019, PayPal stated that its initial focus in China is to provide cross-border payment solutions to Chinese consumers.
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