By Stanley Zhou, Janet Gu and Leimin Yu 金杜律师事务所金融资本部
Nowadays payment service is increasingly interweaving into commerce and the Internet in China. Its role as the last-mile infrastructure provider connecting the two arenas for many business models is increasingly being appreciated by the market. Not long ago, China’s payment sector was, by and large, not accessible to foreign players, although many foreign players wish to enter into the rapidly growing Chinese payment market and many domestic payment service providers wish to have certain foreign participation as a way to gain access to the offshore capital market.
Continue Reading Opportunities and Challenges Presented by Foreign Investment to Domestic Payment Industry