Friday, January 13, 2023

Tencent Is Bringing Content Creators to WeChat to Challenge TikTok's Dominance

WeChat Pay became the second-biggest player in China's mobile payment market within a year of its 2013 launch, behind Alipay which is owned by Jack Ma-founded Ant Group. Two sources familiar with Tencent said the importance of Channels has been repeatedly communicated within the company.

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