PayPal officially announces the acquisition of Guo Fubao and its entry into the Chinese market - Globebusinesscenter

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Sunday, October 6, 2019

PayPal officially announces the acquisition of Guo Fubao and its entry into the Chinese market

PayPal officially announces the acquisition of Guo Fubao and its entry into the Chinese market

PayPal officially announces the acquisition of Guo Fubao and its entry into the Chinese market
PayPal officially announces the acquisition of Guo Fubao and its entry into the Chinese market

-PayPal officially announces the acquisition of Guo Fubao and its entry into the Chinese market: There are many shaky bodies in today's world of public opinion that "sleep in the body" and people who tremble are often giants. Prior to the national holiday, the media announced that a national payment institution, "Guofubao", has been notified of approval of Guofubao's last amendment request. PayPal acquired 70% of Guofubao through its subsidiary Yinbaobao Information Technology (Shanghai) Co., Ltd. Guofubao has become the current console stocks and entered the Chinese payment services market.

In other words, American Paypal got Guofubao and the curve got a Chinese payment license. This is not the first time PayPal has worked in China, but this is the first time an organization has established itself in the Chinese market.

PayPal's reputation in China is small and known to the people of Haida or if you are old enough. At that time, when Taobao did not appear, eBay dominated rivers and lakes, and PayPal lost its currency already because Taobao had killed eBay.

The famous PayPal founder: Musk, who now relies on Teslayan's leading star at home and abroad, before withdrawing, until he is listed on eBay for $ 1.5 trillion. Get premium, which also makes a lot of musk. If we think about it, is there a shadow of PayPal now?

In any case, PayPal will continue to work, including Alipay. Therefore, the Internet was full of enthusiasm and some people began to shout "Ma Yoon can not sleep."

The national payment market is no longer an unpleasant market: with the advent of unified payment and network management, the payment is reduced and the same goes for PayPal.

In addition, the basic structure of the national payments market is stable, Alipay owns more than 50% and Tenpay, more than 30%, and even giants such as UnionPay and JD.com are struggling to earn a lot of money, without forgetting PayPal. ?

PayPal officially announces the acquisition of Guo Fubao and its entry into the Chinese market
PayPal officially announces the acquisition of Guo Fubao and its entry into the Chinese market


PayPal officially announces the acquisition of Guo Fubao and its entry into the Chinese market


Unlike many industries, in the Internet field, Chinese giants have lost almost all their international counterparts. In addition to well-known political reasons, the most important is that we enjoy a demographic advantage of 1.4 billion in the same species and in a large country of the world. The best mobile Internet resources, which force Chinese Internet companies to rely on big trees to enjoy cold, have become the root cause of China's rise. PayPal seems to be very important on the international stage, but its commercial capabilities and technical standards are no longer competitive.

In recent years, Alipay has exported its technology model and business to the domestic market, resulting in the creation of nine local versions of Alipay, which constituted a total presentation of 9+.

At the Alibaba Investors Conference, President and CEO of Ant Jinying announced that as of June 2019, Alipay and its local portfolio partners will serve more than $ 1.2 trillion. Users worldwide. Partners achieved a 20% increase in the number of users worldwide.

If Alipay is converted into a global financial technology company, Alipay, Yubao, Huali, Mutual, Financial Cloud, and Sesame Credit. - Includes almost all areas of “financial” activity, including third-party payers, wealth management, microcredit, microcredit, insurance, and personal credit reports.

Regarding PayPal's best cross-border e-commerce, Alibaba has just acquired Netease Quality and has a national cross-border majority. There are not many PayPal opportunities anymore. Of course, using PayPal will boost cross-border activities for Chinese SMEs, which is also good.

We also hope that Ant Financial has already invested heavily in the purchase of MoneyGram, but the agreement has been approved by CFIUS.

The securing of US peers by Chinese installment establishments was rejected and the procurement of Chinese organizations by US installment foundations was made open, reflecting two distinct mindsets. China is ending up increasingly open and progressively sure, which is likewise an open door for residential budgetary innovation organizations to reinforce. 

source: Baidu news

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