By Mark Schaub, David Hong and Atticus Zhao King & Wood Mallesons’ Corporate & Securities group
The smartphone is ubiquitous in our daily lives.
For many people life without a smartphone is simply unthinkable.
There is probably no nation which loves smartphones more dearly than China – all 640 million of them. In China smartphones are used to pay bills, make bank transfers, buy a coffee, hail a taxi, organize a train ticket, order food delivery, hire a house cleaner, hire a chef, messaging, browse the internet and in some rare cases they are even used to call people.
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