https://techcrunch.com/2021/04/28/paypal-china/

Over the last few months, PayPal has been quietly gearing up for its expansion in China.

At the recent Boao Forum for Asia, China’s answer to Davos, the American payments giant said its strategy for China is not to challenge the duopoly of Alipay and WeChat Pay. Instead, it wants to focus on cross-border business and provide gateways both for Chinese merchants to collect funds and for Chinese consumers to pay for overseas goods.