Tencent Uses All the Tricks up Its Sleeve to Control the Payment Ecosystem

Tencent, a giant in online gaming and social networks in China, is amplifying its e-commerce capabilities to dominate the China’s fast-growing market for online shopping. Tencent operates some of the most popular online services for China’s PC and mobile users—such as its QQ and WeChat messaging services—with more than millions of users. Analysts say Tencent has taken a ...

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