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The Chinese Consumer...cash, credit cards, and the digital wallet (QR code)...KWEB

beebee
edited May 2017 in The Bullpen
“When the credit card emerged, consumers were found to spend more than when they used cash. The QR code is even more convenient than the credit card, so we have good reason to expect it will increase consumption,” said Chen.
and,
...the amount of mobile payments on the mainland (China) is now 50 times greater than that of the US.
finally,
QR code’s China success is partly due to efforts by large Chinese internet companies such as Tencent and Alibaba to bring mobile-payment capability to every vendor.
The rise of the QR code and how it has forever changed China’s social habits:
scmp.com/news/china/society/article/2095576/rise-qr-code-and-how-it-has-forever-changed-chinas-social-habits

KWEB:
portfolios.morningstar.com/fund/holdings?t=KWEB&region=usa&culture=en-US
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