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Apple Pay Reportedly Nearing Launch in China

Since launching Apple Pay in the U.S. last year, Apple (AAPL - Get Report) has been slow to expand the mobile wallet to other locations. But a new report seems to indicate a launch in China is nearing.

According to Wall Street Journal sources, Apple Pay will hit China by Feb. 8, the Spring Festival holiday. The sources said that Apple had struck deals with China's big four state banks, which will help speed the process along.

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