Search giant Baidu is the latest Chinese tech firm to launch a mobile wallet service
Apr17
on April 17, 2014
at 4:36 am
China’s mobile payments market is heating up, with nearly $1.6 trillion in transactions made in 2013. Now search giant Baidu has jumped into the fray to offer up a mobile wallet service as well, seeking to compete with the two other Internet giants, Alibaba and Tencent, for a slice of the pie. “We saw that developers/partners have needs in retaining users and payment services, which is why we launched Baidu Wallet,” Baidu’s Vice President Li Mingyuan, who is in charge of its Mobile and Cloud Business Group, says. Baidu Wallet, which will be fully released in late April, provides similar services…
This story continues at The Next Web