Tencent’s WeChat Pay is one of China’s top two mobile payments platforms. In comments made public this week, the company’s president positions Tencent as a beneficial collaborator in fintech as regulatory scrutiny bruises its biggest competitor. Photo: Reuters Tencent’s WeChat Pay is one of China’s top two mobile payments platforms. In comments made public this week, the company’s president positions Tencent as a beneficial collaborator in fintech as regulatory scrutiny bruises its biggest competitor. Photo: Reuters
Tencent’s WeChat Pay is one of China’s top two mobile payments platforms. In comments made public this week, the company’s president positions Tencent as a beneficial collaborator in fintech as regulatory scrutiny bruises its biggest competitor. Photo: Reuters
Tencent
Tech /  Big Tech

Tencent insists it is a collaborator, not a disrupter, of China’s financial markets

  • Tencent President Martin Lau said in a webinar that China’s regulators encourage innovation from “trusted operators” if it is beneficial to society
  • The country’s fintech industry was shaken this week when regulators scuttled a public offering from Ant Group, which was set to be the world’s largest IPO

Topic |   Tencent
Iris Deng
Iris Deng

Updated: 11:28pm, 6 Nov, 2020

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Tencent’s WeChat Pay is one of China’s top two mobile payments platforms. In comments made public this week, the company’s president positions Tencent as a beneficial collaborator in fintech as regulatory scrutiny bruises its biggest competitor. Photo: Reuters Tencent’s WeChat Pay is one of China’s top two mobile payments platforms. In comments made public this week, the company’s president positions Tencent as a beneficial collaborator in fintech as regulatory scrutiny bruises its biggest competitor. Photo: Reuters
Tencent’s WeChat Pay is one of China’s top two mobile payments platforms. In comments made public this week, the company’s president positions Tencent as a beneficial collaborator in fintech as regulatory scrutiny bruises its biggest competitor. Photo: Reuters
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