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TENCENT WECHAT PAY
Alibaba to spend $431 million for Lunar New Year AI push as chatbot war heats upThe pledge by Alibaba, which triples the spending promised earlier by rivals Tencent and Baidu, is set to start on February 6. It will invo...02 Feb, 2026, 11.25 AM IST- Alibaba's China ecommerce platforms to accept Tencent's Wechat PayAlibaba is affiliated with the Jack Ma-founded Ant Group's Alipay, which is WeChat's main rival for online payments in China. Tencent has a...04 Sep, 2024, 02.38 PM IST
- China central bank approves Tencent's Tenpay capital boost to $2.1 billionThe approval will make Tenpay the non-bank payment institution with the highest registered capital in China, Chinese state-backed media out...15 Mar, 2024, 09.25 PM IST
- Chinese payment giants Tencent and Ant revive effort to accept foreign credit cardsTencent, operator of the popular chat app WeChat and payment network WeChat Pay, said on Wednesday that WeChat users overseas can link cred...28 Jun, 2023, 02.58 PM IST
- Tencent launches palm-based payments in China: ReportAccording to reports, users can pay for rides on the Daxing Airport Express Line in the capital by holding their hands over a scanner at me...22 May, 2023, 04.26 PM IST
- Tencent bets big on WeChat Channels in push to build its own TikTokWeChat Pay became the second-biggest player in China's mobile payment market within a year of its 2013 launch, behind Alipay which is owned...13 Jan, 2023, 02.19 PM IST
- China weighs Tencent payments overhaul, new license requirementThe potential move would present a fresh hurdle for Tencent, which along with other internet firms was told in 2021 to cordon off financial...18 Mar, 2022, 12.28 PM IST
- China regulators should act further to free up apps' access to rivals' links: State paperAccording to the Economic Information Daily, this showed companies could not be relied on to carry out "self rectification", and government...19 Oct, 2021, 11.30 AM IST
- Alibaba apps start offering WeChat Pay option after government ordersEarlier this month, the ministry of industry and information technology said it had asked internet companies to end a long-standing practic...28 Sep, 2021, 11.18 AM IST
- In fresh regulatory move, China tells tech giants to stop blocking rivals' linksThe comments, made by the Ministry of Industry and Information Technology, mark the latest step in Beijing's regulatory crackdown that has ...13 Sep, 2021, 04.31 PM IST
- Trump ban on top messaging app risks snarling global businessThe White House’s vaguely worded edict left a lot of open questions about how broadly the ban would be applied and the full ramifications f...07 Aug, 2020, 07.16 PM IST
- Naspers hits the market with $10 bn from Tencent stake saleNaspers plans to use the capital to scale and consolidate its position in "core ecommerce segments" globally.26 Mar, 2018, 11.19 AM IST
- Why protectionism cannot be blamed for China's tech successWhat Chinese companies do have is innovation, flexibility and the ability to develop new products at great speed whenever they spot a marke...08 Mar, 2018, 08.48 AM IST
- WeChat app crosses one billion account markHalf of WeChat users spend more than 90 minutes a day on the app.06 Mar, 2018, 07.56 PM IST
- It's becoming harder to use cash in China: Fully chargedEven beggars in China reportedly accept handouts via WeChat, using QR codes linked to payment accounts. (Some have cautioned that this phen...13 Feb, 2018, 06.02 PM IST
- Flipkart plans to roll out the one app to rule them allThe app-of-apps wants to be a one-stop solution for everything from ordering food to planning a vacation; etailer is in talks with aggregat...13 Jun, 2017, 08.48 PM IST
- China's web giants Alibaba and Tencent do battle over 'hong bao' ahead of Chinese New YearHowever, Tenpay only controlled four per cent of the market before the red envelope campaign debuted on WeChat in 2014.18 Feb, 2015, 02.21 PM IST
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