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.
Technology
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.
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