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Huawei receives non-banking payment license

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.

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