Apple Pay to launch in China by February: report

Apple is planning to launch its mobile payment service in China early next year
Apple Inc plans to launch its mobile payment system Apple Pay in China by early February, the Wall Street Journal reported.
The iPhone maker has struck deals recently with China’s big four state-run banks, the newspaper reported late Monday, citing people familiar with the discussions.
When launched, Apple Pay will mainly compete with Alipay, the online payment platform run by Alibaba Holding Group Ltd affilia