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Alibaba Mobile Payments Dealt a Blow by Chinese Central Bank (NYSE: BABA)
The Alibaba mobile payments business was dealt a blow this week when China's central bank issued a draft that could limit online payments in China.
Alibaba Group Holding Ltd. (NYSE: BABA) operates the online payment site Alipay Wallet, which could be largely affected by the new laws.
The Alibaba mobile payments business was dealt a blow this week when China's central bank issued a draft that could limit online payments in China.
Alibaba Group Holding Ltd. (NYSE: BABA) operates the online payment site Alipay Wallet, which could be largely affected by the new laws.