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🎄 Wish IPO Analysis - Reinventing Ecommerce for the Invisible Half
Alexandre Dewezalexandre.substack.com
As it happens, Ant and Alibaba were critical to spreading the gospel of the QR code. With low credit-card adoption in China, Ma saw an opportunity to leverage the comparatively common mobile phone as a means of transaction. Today, QR code scanning accounts for the majority of digital payments in the country.