China’s trillion dollar mobile payments industry is under...

China’s trillion dollar mobile payments industry is under attack

Lily Kuo, qz.com

Things aren’t look­ing great for Chi­nese firms work­ing in the world of mobile pay­ments. The fast-growing tril­lion dol­lar indus­try—which includes online invest­ment funds, vir­tu­al cred­it cards, and e-com­merce–is fac­ing new pres­sure from…