Paypal is not available in China, but the online payments’ industry is coming onstream. Bill Bishop notes:
Xinhua has a long piece on the online payments market. It leads with a flattering discussion of Alibaba’s Alipay, talks about Paypal, says trust is the biggest bottleneck for the adoption of online payments, and ends with the comment that there are basically no regulations for online payments.
Those regulations will come. It is a classic government approach here. Let the market develop in a grey area, and then as soon as there is real money involved move in and regulate.
This has and is continuing to happen in regards to several industries including: internet telephony, the internet and television production. Typically, new regulations will favor the state or state-run enterprises. Expect that when regulations for online payment systems come into place, they will be beneficial for either state-run banks or telecom companies.
[powered by WordPress.]
M | T | W | T | F | S | S |
---|---|---|---|---|---|---|
« May | Jul » | |||||
1 | 2 | 3 | 4 | 5 | ||
6 | 7 | 8 | 9 | 10 | 11 | 12 |
13 | 14 | 15 | 16 | 17 | 18 | 19 |
20 | 21 | 22 | 23 | 24 | 25 | 26 |
27 | 28 | 29 | 30 |
Mao: The Unknown Story - by Jung Chang and Jon Halliday:
A controversial and damning biography of the Helmsman.
31 queries. 0.379 seconds