Alipay overseas push faces setback as China tightens rules

Alipay overseas push faces setback as China tightens rules

A worker walks past a logo of Alibaba Group at its headquarters on the outskirts of Hangzhou, Zhejiang province, August 24, 2013. REUTERS/China Daily/Files

Alipay, China’s biggest third-party payments system, faces a setback in its push to expand overseas as the nation’s central bank tightens rules on the money kept in accounts.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter