Apple Pay takes on China's internet kings in mobile payments

By Paul Carsten BEIJING (Reuters) - Apple Inc launched its mobile payment system in China on Thursday in a bid to convince the hundreds of millions of users of the country's entrenched, dominant services to switch. "We think China could be our largest Apple Pay market," Jennifer Bailey, vice president of Apple Pay, told Reuters in an interview in Beijing. In an early boost, China's biggest lender, Industrial and Commercial Bank of China Ltd (ICBC), was among the banks that said earlier this week