Alipay Said to Be the Target of Fresh Tech Crackdown in China

Gadgets 360

Chinese regulators have ordered sweeping changes to the country’s biggest payment app Alipay, as the ruling Communist Party attempts to rein in “the unruly growth” of the tech giants.

Alipay – with more than one billion users in China and other Asian nations including India – was told to spinoff its profitable micro loan business, the Financial…

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