Caixin OnlineBusiness & IndustryTop Stories Industry Tencent, Alibaba Have their Eyes on Mobile Payment Prize
01.10.2014 17:51

Tencent, Alibaba Have their Eyes on Mobile Payment Prize

The two internet giants are using their apps to get into people's wallets, and that's just the begging of their plans to revolutionize the way we pay
By staff reporter Zhu Yishi

(Hangzhou) – It can be tricky to get a taxi at the Hangzhou airport. But recently Beijinger Zhang Rui, who was on business trip to the bustling eastern city, walked out of the airport, past a long line of people and hopped right in a cab.

Zhang had booked the taxi using the taxi-hailing app Didi Dache, which is one of the latest services to link with Internet giant Tencent Holdings Ltd.'s hugely popular voice and text messaging app WeChat.

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