China’s payment market is expected to be worth 470 trillion yuan by 2021, or tripling the size in 2017, according to consultancy Frost and Sullivan. Photo: iStockphoto

Payment service provider Huifu said to raise US$200m in June Hong Kong IPO

Company’s net profit rose 12pc last year to US$20.69m while annual revenue surged 58pc. Has 2pc share of nation’s payment services market

Topic |   Banking & Finance

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China’s payment market is expected to be worth 470 trillion yuan by 2021, or tripling the size in 2017, according to consultancy Frost and Sullivan. Photo: iStockphoto
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