A look at China's rapid adoption of mobile payments, facilitated by Alibaba and Tencent, and the effects as payment volume reached $9T in 2016
Alyssa Abkowitz / Wall Street Journal : Tweets: @wsj , @newley , and @dee_bosa Tweets: The Wall Street / @wsj : ‘Recommend using WeChat Pay,’ says sign held by smartphone-savvy beggar in Beijing http://www.wsj.com/... Newley Purnell / @newley : China is increasingly going cashless. Even beggars are asking for money via WeChat Pay. Excellent, in-depth story by @AlyssaAbkowitz: http://www.wsj.com/... http://twitter.com/... Deirdre Bosa / @dee_bosa : 2016 mobile payments China: $9 trillion (yellow bar) US: $112 billion (that tiny, almost invisible blue bar) http://www.wsj.com/... http://twitter.com/...