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China: The Age of BAT is over, as Pinduoduo taps into rural ecommerce

Originally published at: https://dailyfintech.com/2019/11/01/china-the-age-of-bat-is-over-as-pinduoduo-taps-into-rural-ecommerce/

It’s hard to get past a month without stumbling on some astounding facts about China. The country is just behind Sweden in going cashless, however, digital payment growth in China is certainly a bigger story than it is in the whole of Scandinavia. The sheer volumes ($40 Trillion) of digital payments last year was unprecedented.…