PayPal Payments (Beijing) Co. Ltd., a wholly-owned subsidiary of U.S. fintech giant PayPal Holdings Inc., has won approval from the Chinese central bank to almost double its registered capital to 4.52 billion yuan ($666 million), which will be the largest capital base of any nonbank payment provider in China.
Start your deal-making journey now!
Subscribe now to enjoy unlimited access at just $59.
Premium coverage on private equity, venture capital, and startups in Asia.
Exclusive scoops from our reporters in nine key markets.
In-depth interviews with industry leaders shaping the ecosystem.
Already a Subscriber? Log in
Contact us for corporate subscriptions at subs@dealstreetasia.com
