Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

China Mobile to Establish Third-Party Payment Platform, 3/03/11

Wang Jianzhou, chairman of China Mobile (NYSE: CHL; 0941.HK) and member of the Chinese People's Political Consultative Committee (CPPCC), today revealed during an interview at the CPPCC session in Beijing that China Mobile has applied for a third-party payment license and is preparing to establish a third-party payment platform in partnership with financial institutions.

Wang added that China Mobile plans to launch scalable 4G trials in seven cities.

Editor's Note: For more background on these topics, please see "Rumor: China Mobile Applies for Third-Party Payment License" MD 3/02/11 issue, and "TD-LTE Trials Begin in Six Chinese Cities," MD 1/19/11 issue.

Keywords: mobile payment Wang Jianzhou China Mobile telecom 4G CPPCC CHL TD-LTE third-party payment 0941.HK


Please note, all fields are required.
None of your personal information will be shared with third parties.



The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports