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UnionPay decal on the door of a dining hall in Chiba, Japan. With the approval of the People's Bank of China (PBOC), China UnionPay was launched on 26 March 2002, in Shanghai by PBOC governor Dai Xianglong, The Industrial and Commercial Bank of China, the Agricultural Bank of China, the Bank of China and the China Construction Bank served as its first members. [6]
' Cloud QuickPass ') is a mobile and online payment service, developed and operated by UnionPay, the national Chinese bank card clearing service. Launched in 2017, [ 1 ] it was designed to compete with the existing third-party Chinese mobile payment platforms, Alibaba Group 's Alipay and Tencent 's WeChat Pay .
China United Network Communications Group (China Unicom) is a Chinese state-owned telecommunications operator.Originally founded as a wireless paging and GSM mobile operator, it currently provides a range of services including mobile network, long-distance, local calling, data communication, Internet services, and IP telephony.
A prepaid mobile device, also known as a pay-as-you-go (PAYG), pay-as-you-talk, pay and go, go-phone, prepay, or burner phone, is a mobile device such as a phone for which credit is purchased in advance of service use. The purchased credit is used to pay for telecommunications services at the point the service is accessed or consumed.
The FCC previously barred approvals of new telecommunications equipment from China's Huawei Technologies and ZTE and other companies saying they pose "an unacceptable risk" to U.S. national security.
The telecommunications industry in China [note 1] is dominated by three state-run businesses: China Telecom, China Unicom and China Mobile.The three companies were formed by restructuring launched in May 2008, directed by the Ministry of Information Industry (MII), National Development and Reform Commission (NDRC) and the Minister of Finance.
The move essentially split Ant Group's consumer lending businesses, credit card-like Huabei and micro-loan provider Jiebei, from Alipay's financial offerings. [ 80 ] [ 81 ] [ 82 ] In November 2021, Alipay introduced a new privacy protection feature amid growing concerns over data privacy and after China's Personal Information Protection Law ...
In 2015, China Telecom formed a joint venture China Tower with fellow state-owned telecommunication companies China Mobile and China Unicom. [ 10 ] [ 11 ] China Tower, which was the largest telecommunications tower group by revenue, became a separate listed company in 2018. [ 12 ]