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Third-party payment firms enter the fray

By Chen Limin and Wang Xiaotian | China Daily | Updated: 2013-05-03 07:34

Third-party payment firms enter the fray

Alibaba Group Holding Ltd, the country's largest e-commerce company, plans to provide financing services to customers. Provided to China Daily

Led by Alipay, a new generation of online 'banks' are now flexing their financial muscles

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