Do fintech giants Alipay and WeChat Pay have monopoly power? China’s new regulation leaves experts guessing

A new regulation drafted by China’s central bank, which seeks to determine whether nonbank institutions qualify as monopolies, has analysts and legal scholars pondering on the potential of Ant Group’s Alipay and Tencent Holdings’ WeChat Pay being subje…

A new regulation drafted by China’s central bank, which seeks to determine whether nonbank institutions qualify as monopolies, has analysts and legal scholars pondering on the potential of Ant Group’s Alipay and Tencent Holdings’ WeChat Pay being subject to penalties or broken up.The draft, which was published on Thursday to solicit public feedback through February 19, uses both “nonbank payment service market” and “nationwide electronic payments market” to refer to different markets. How the…

This post was originally published on South China Morning Post.


Print Share Comment Cite Upload Translate
APA
Jane Zhang | radiofree.asia (2021-10-27T13:23:41+00:00) » Do fintech giants Alipay and WeChat Pay have monopoly power? China’s new regulation leaves experts guessing. Retrieved from https://radiofree.asia/2021/01/21/do-fintech-giants-alipay-and-wechat-pay-have-monopoly-power-chinas-new-regulation-leaves-experts-guessing/.
MLA
" » Do fintech giants Alipay and WeChat Pay have monopoly power? China’s new regulation leaves experts guessing." Jane Zhang | radiofree.asia - Thursday January 21, 2021, https://radiofree.asia/2021/01/21/do-fintech-giants-alipay-and-wechat-pay-have-monopoly-power-chinas-new-regulation-leaves-experts-guessing/
HARVARD
Jane Zhang | radiofree.asia Thursday January 21, 2021 » Do fintech giants Alipay and WeChat Pay have monopoly power? China’s new regulation leaves experts guessing., viewed 2021-10-27T13:23:41+00:00,<https://radiofree.asia/2021/01/21/do-fintech-giants-alipay-and-wechat-pay-have-monopoly-power-chinas-new-regulation-leaves-experts-guessing/>
VANCOUVER
Jane Zhang | radiofree.asia - » Do fintech giants Alipay and WeChat Pay have monopoly power? China’s new regulation leaves experts guessing. [Internet]. [Accessed 2021-10-27T13:23:41+00:00]. Available from: https://radiofree.asia/2021/01/21/do-fintech-giants-alipay-and-wechat-pay-have-monopoly-power-chinas-new-regulation-leaves-experts-guessing/
CHICAGO
" » Do fintech giants Alipay and WeChat Pay have monopoly power? China’s new regulation leaves experts guessing." Jane Zhang | radiofree.asia - Accessed 2021-10-27T13:23:41+00:00. https://radiofree.asia/2021/01/21/do-fintech-giants-alipay-and-wechat-pay-have-monopoly-power-chinas-new-regulation-leaves-experts-guessing/
IEEE
" » Do fintech giants Alipay and WeChat Pay have monopoly power? China’s new regulation leaves experts guessing." Jane Zhang | radiofree.asia [Online]. Available: https://radiofree.asia/2021/01/21/do-fintech-giants-alipay-and-wechat-pay-have-monopoly-power-chinas-new-regulation-leaves-experts-guessing/. [Accessed: 2021-10-27T13:23:41+00:00]
rf:citation
» Do fintech giants Alipay and WeChat Pay have monopoly power? China’s new regulation leaves experts guessing | Jane Zhang | radiofree.asia | https://radiofree.asia/2021/01/21/do-fintech-giants-alipay-and-wechat-pay-have-monopoly-power-chinas-new-regulation-leaves-experts-guessing/ | 2021-10-27T13:23:41+00:00
To access this feature you must login or create an account.



A Free News Initiative

Investigative Journalism for People, Not Profits.

Discussion