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As their domestic market is reaching maturity, the two Chinese mobile payment services are looking toward new horizons. But the ongoing trade war could dampen their hopes.
In February, Alipay, a Chinese mobile payment app that belongs to the Alibaba Group, forged an alliance with Walgreens, a U.S. pharmacy store chain. Alipay is now handling transactions in 3,000 Walgreens stores in the U.S., and is eyeing to reach 7,000 locations by April. It isn’t the first push made by Alibaba to expand (...)