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China's fintech boom puts vast personal data within state's reach

Smartphone payments, used by 98%, bring convenience at cost of privacy

Sesame Trust, a credit-scoring app linked to payment platform Alipay, evaluates users based on information including their payment history.

SHANGHAI -- China is quickly adopting financial technology, as both consumers and businesses are drawn to a slew of handy and efficient services. However, the troves of data generated could become a formidable surveillance tool in the hands of the central government.

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