PayPal Becomes First US Payments Company to Enter China Market

PayPal Becomes First US Payments Company to Enter China Market
Paypal headquarters in San Jose, Calif., on April 9, 2018. Justin Sullivan/Getty Images
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News Analysis
PayPal just went live as the first U.S. payments company to enter China’s formerly closed digital marketplace in a global industry that is expected to swell to $253 trillion by 2025.