Exclusive | Former Tokyo-based engineer emerges as big winner from China’s love affair with the QR code

Beijing Inspiry Technology Co. is among companies cashing in on the shift to smartphone-based mobile payments in China

Li Taoin Shenzhen
Beijing Inspiry Technology's smart box provides customised services for merchandisers to support specific mobile payment service providers. Photo: Handout

Wang Yue is one of the big winners of China’s love affair with the QR code. His Beijing-based company makes 70 per cent of the point-of-sale scanners used in the country to process transactions using the jigsaw puzzle-like digital labels.

Now the 42-year-old plans to bring his white ‘smart box’ to overseas markets, including Japan and Singapore, in a bet that mobile payments and the two-dimensional bar code will take off, just as it did in China.

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