China’s Didi Chuxing To Acquire Payment Firm 19Pay In Bid To Rival Tech Giants BAT

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China’s largest ride hailing firm Didi Chuxing, which ranks as the second most valuable company on China Money Network’s China Unicorn Ranking, has agreed to fully acquire third-party payment firm 19Pay for RMB300 million (US$45 million), in a move to develop its own payment services, putting itself in direct competition to Chinese tech giants BAT.

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