The Ministry of Industry and Information Technology last week summoned executives from the country’s largest online platforms to emphasize the need to end closed ecosystems that impair the flow of commerce. The government has accused a handful of companies of unfairly protecting their spheres: Tencent in social media via WeChat, Alibaba in e-commerce with Taobao and Tmall and more recently ByteDance in video via TikTok cousin Douyin.Īlibaba is regarded as benefiting more because it will be able to tap Tencent’s billion-plus users, while Tencent - which is fiercely protective of the user experience on its apps - has less incentive to allow people to post shopping links. In a statement Friday, Tencent said it will also provide ways for users to report suspicious content and work on features for sharing links in wider group discussions.Ĭhina’s top technology regulator warned internet firms to stop blocking links to rival services, prizing open so-called walled gardens in a broader campaign to curb their growing monopoly on data and protect consumers. While it’s unclear whether the social giant has opened more of its scores of online services, it’s a major step for Tencent, which controls vast swathes of China’s internet along with Alibaba and ByteDance. However, that applies only to one-on-one messaging, not group chats or Facebook-like Moments pages. Starting Friday, users who upgrade to the latest version of the messaging service can access external services such as Alibaba Group Holding Ltd.’s Taobao online mall or ByteDance Ltd.’s video app Douyin, both of which were previously walled off from WeChat’s billion-plus members. allowed users of its main WeChat social media service to link to rivals’ content for the first time in years, taking initial steps to comply with Beijing’s call to dismantle walls around platforms run by the country’s online giants. In particular, WeChat Pay has capitalized on China’s tradition of gifting cash-filled red packets with tremendous success.(Bloomberg) - Tencent Holdings Ltd. Not many places accept foreign cards like Visa or Mastercard and tourists have few options but to use cash - but all that's about to change.Ĭhinese tech giant Tencent operates WeChat Pay's QR code payment systems, while Alibaba affiliate Ant Financial runs Alipay's platform. Previously, users could not use the two digital payment platforms if they did not have a Chinese bank accountīut On Tuesday, Ant Financial announced it is launching a version of the Alipay app that will support international debit or credit cards. After debuting its own virtual red packet, which lets users send up to. ![]() China wechat pay 800m mauskharpalcnbc android#Īfter downloading Alipay on Google's Android or Apple's iOS, users can register for the international version of the app using their foreign mobile number. Get access to hundreds of millions of potential customers using WeChat Pay every day. Users can then top up money onto a pre-paid virtual card and begin using Alipay across China. Offer a customized checkout flow built for the WeChat Pay mobile app. ![]() All funds get deposited into your bank account based on your Stripe supported country. Key Points Chinese payment platforms WeChat Pay and Alipay say they can now support foreign credit and debit cards. ![]() Ant Financial said Alipay will support Visa, Mastercard, Japan's JCB and Singapore's Diners Club cards. General speaking, you can’t use Malaysia WeChat in mainland China, Taiwan, Hong Kond and Macau. Tencent also said on Tuesday that it would provide support for the same cards, as well as American Express, on WeChat Pay.
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