Apple Pay launches in China, takes on entrenched rivals Alibaba and Tencent

Apple Pay launches in China, takes on entrenched rivals Alibaba and Tencent

An Apple iphone 6 with Apple Pay is shown in this photo illustration in Encinitas , California June 3, 2015. REUTERS/Mike Blake

Apple Inc launched its mobile payment system in China on Thursday in a bid to convince the hundreds of millions of users of the country’s entrenched, dominant services to switch.

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