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Baidu Foraying into Mobile Payments

China’s mobile payment market recorded $199 Billion in transactions in 2013, according to Beijing-based firm iResearch. On 15th April 2014, China's largest Internet search company, Baidu, launched its mobile payment solution - Baidu Wallet. The wallet enables Beiging based companies to deliver closed loop transactions. This move will help build a better ecosystem while going mobile, according to the c ...

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