China’s carrot and stick approach
The government wanted money regulation, so they made online payment the default option with WeChat pay and Alipay
So whilst they can take away their market share, they can also push for adoption.
this move simply suggest to me the government are willing to allow private market growth, at the expense of data sharing. A big No in western societies, but if you think your data ain’t sold one way or another. You are in denial.
China’s carrot and stick approachThe government wanted money...
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