Published: March 30th, 2021,
Last updated: January 16th, 2023
Huawei Technologies Co. Ltd. has been awarded a coveted Chinese non-banking payment license. This was reported by Caixin business magazine. Huawei obtained the license by acquiring Shenzhen payment firm Xunlian Zhipay from Shanghai Woruiou Information Technology Co. Ltd. A Huawei spokesman confirmed the purchase on Monday but did not provide details.