Baidu dives into China’s mobile payments war, jabs Alibaba with…

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Baidu (NASDAQ:BIDU), the Chinese tech giant best known for its search engine, announced yesterday it will roll out a new mobile wallet app called Baidu Wallet (baidu qianbao), reports (via Techweb). Like its main rivals from Alibaba (Alipay) and Tencent (Tenpay and WeChat Payments)…

Faisal Khan‘s insight:

The wallet wars heat up in China!

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