Top 7 third-party mobile payment services in China

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New models of Mi 5 are displayed during Xiaomi Inc's latest launch event held on Feb 24, 2016. [Photo / xiaomi.cn]


Mi Pay

Xiaomi Inc was confirmed to have acquired a controlling stake of 65 percent of a third-party payment platform Jiefu Ruitong. Analysts say the move was to muscle in the increasingly heated market in China, probably coming with its Mi 5 equipped with NFC technology.

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