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.
S&P 500 & Nasdaq Composite Approach Critical Resistance; Watch for These
Important Levels!
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A tug-of-war with no clear winner—that's what the stock market seemed to be
playing this week. With a Fed meeting, key economic data, and more earnings
on ...
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