Tencent nearly doubled its mobile-payments share to 20% in 2015 from 11% in 2014, while Alipay’s market share fell to 68% from 82%. Despite the growth, Tencent’s payment business has not gained a profit, while Alibaba’s affiliate Ant Financial Services Group declined to say whether its payment business has been profitable. On the other hand, Tencent stated that it would continue to invest in WeChat Pay since it expects revenue to come in the future.
Year Twenty Begins
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FEEDThe longer I live, the shorter life gets. It’s a truism, I suppose, and
one of many which occur to humans as the years roll by. See, I started
Slope as...
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