trending Market Intelligence /marketintelligence/en/news-insights/trending/Aw9drYRzNSayqESJKvNb5A2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

PayPal completes acquisition of 70% equity interest in Chinese company

Paypal Well-Positioned To Gain Share In COVID-Related Digital Payments Shift

Digital Banking Battles Will Play Out In Southeast Asias Shopping Cart

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible

Fed Officials Signal Optimism In US Economy Reiterate Rates Likely On Hold

PayPal completes acquisition of 70% equity interest in Chinese company

PayPal Holdings Inc. completed its acquisition of a 70% equity interest in China-based Guofubao Information Technology Co. Ltd., or GoPay.

With the acquisition, PayPal said it became the first foreign payments platform licensed to provide online payment services in China. The People's Bank of China approved the deal on Sept. 30.

Chinese regulators earlier in 2019 announced plans to allow more foreign investments in its financial sector by eliminating foreign ownership restrictions on securities, insurance and fund management firms in 2020.