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In what year did Qian Bao collapse?

It has not closed down yet.

Qianbao Company was established in 2005 and is still in business. It is one of the first companies in the country to engage in third-party payment. It is a very safe and reliable payment method.

As the number one credit card acquiring brand in China, Qianbao has joined hands with world-renowned financial institutions such as Standard Chartered Bank, Wing Hang Bank, and Bank of China to support online payments with Visa, MasterCard, and JCB credit cards, helping merchants collect Global orders.