One week ago we spotted a photo featuring a Sina Weibo logo-shaped smartphone plug. It turns out it indeed is a Square-like mobile payments gadget powered by Lalala, one of the leading digital payments services in China.

Named Big Eye, it is sold for 99 yuan ($16) and has opened up for pre-orders on Weibo.

Big Eye supports all the services, from swiped payments to e-ticket purchases, Lakala offers. Sina Weibo users who make pre-orders will be rewarded with Weibo membership benefits.

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Tracey Xiang

Tracey Xiang is Beijing, China-based tech writer. Reach her at traceyxiang@gmail.com