A man uses Tencent’s messaging app Weixin, or WeChat, on his smartphone in eastern China's Shandong province. WeChat Wallet is used widely in mainland China, whereas Hong Kong is moving slower to adopt similar services. Photo: Imaginechina

Tencent to charge users in China for transferring money from WeChat Wallet to bank accounts

New rule to take effect next month but not expected to apply to Hong Kong; pundits wonder whether it will drive users to migrate to rival Alibaba’s Alipay

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A man uses Tencent’s messaging app Weixin, or WeChat, on his smartphone in eastern China's Shandong province. WeChat Wallet is used widely in mainland China, whereas Hong Kong is moving slower to adopt similar services. Photo: Imaginechina
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