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The Chinese government just hit the brakes on finance-minded internet firms … – Quartz

finance - Google News Mar 14th, 2014 Finance.



The Chinese government just hit the brakes on finance-minded internet firms ...
Quartz
The latest attempts by China's two biggest internet firms to expand into financial services have just been thwarted. China's central bank ordered Alibaba and Tencent on Friday (Mar. 14) to stop processing payments through “virtual credit cards,” the ...

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