Kaidianbao Files for Liquidation as China’s Payment Industry Shakeout Deepens
Kaidianbao Payment Service Co. Ltd., once one of China’s major third-party payment firms, has applied for bankruptcy liquidation as tighter oversight accelerates a shakeout in the country’s payment industry. A Shanghai court has scheduled a hearing for July 16, according to a notice on China’s national corporate bankruptcy restructuring information platform. You’ve accessed an article…

