Tencent puts payment app on WeChat
<p><span word="Download">Download</span></p><p><span word="Tencent">Tencent</span> <span word="Holdings">Holdings</span> <span word="is">is</span> <span word="introducing">introducing</span> <span word="a">a</span> <span word="payment">payment</span> <span word="service">service</span> <span word="to">to</span> <span word="the">the</span> <span word="company">company</span>'<span word="s">s</span> <span word="popular">popular</span> <span word="instant">instant</span> <span word="messaging">messaging</span> <span word="service">service</span> <span word="WeChat">WeChat</span>. <span word="It">It</span>'<span word="s">s</span> <span word="also">also</span> <span word="the">the</span> <span word="latest">latest</span> <span word="attempt">attempt</span> <span word="by">by</span> <span word="Tencent">Tencent</span> <span word="to">to</span> <span word="commercialize">commercialize</span> <span word="the">the</span> <span word="application">application</span> <span word="and">and</span> <span word="compete">compete</span> <span word="with">with</span> <span word="e">e</span>-<span word="commerce">commerce</span> <span word="giant">giant</span> <span word="Alibaba">Alibaba</span> <span word="Group">Group</span> <span word="Holding">Holding</span>.</p><p>"<span word="We">We</span> <span word="are">are</span> <span word="convinced">convinced</span> <span word="of">of</span> <span word="the">the</span> <span word="need">need</span> <span word="to">to</span> <span word="bring">bring</span> <span word="payment">payment</span> <span word="services">services</span> <span word="to">to</span> <span word="wireless">wireless</span> <span word="platforms">platforms</span>," <span word="said">said</span> <span word="Martin">Martin</span> <span word="Lau">Lau</span>, <span word="president">president</span> <span word="of">of</span> <span word="Tencent">Tencent</span>. "<span word="Although">Although</span> <span word="some">some</span> <span word="apps">apps</span> <span word="are">are</span> <span word="free">free</span> <span word="of">of</span> <span word="charge">charge</span> <span word="for">for</span> <span word="users">users</span>, <span word="the">the</span> <span word="large">large</span> <span word="traffic">traffic</span> <span word="these">these</span> <span word="products">products</span> <span word="bring">bring</span> <span word="in">in</span> <span word="will">will</span> <span word="enable">enable</span> <span word="us">us</span> <span word="to">to</span> <span word="sell">sell</span> <span word="advertisement">advertisement</span> <span word="slots">slots</span>, <span word="an">an</span> <span word="alternative">alternative</span> <span word="way">way</span> <span word="for">for</span> <span word="us">us</span> <span word="to">to</span> <span word="make">make</span> <span word="a">a</span> <span word="profit">profit</span>."</p><p><span word="The">The</span> <span word="Internet">Internet</span> <span word="giant">giant</span>, <span word="based">based</span> <span word="in">in</span> <span word="Shenzhen">Shenzhen</span>, <span word="Guangdong">Guangdong</span> <span word="province">province</span>, <span word="will">will</span> <span word="introduce">introduce</span> <span word="online">online</span> <span word="and">and</span> <span word="offline">offline</span> <span word="payment">payment</span> <span word="services">services</span> <span word="to">to</span> <span word="an">an</span> <span word="upcoming">upcoming</span> <span word="version">version</span> <span word="of">of</span> <span word="WeChat">WeChat</span>, <span word="it">it</span> <span word="said">said</span>.</p><p><span word="Although">Although</span> <span word="Tencent">Tencent</span> <span word="did">did</span> <span word="not">not</span> <span word="reveal">reveal</span> <span word="the">the</span> <span word="launch">launch</span> <span word="date">date</span> <span word="for">for</span> <span word="the">the</span> <span word="new">new</span> <span word="WeChat">WeChat</span>, <span word="a">a</span> <span word="beta">beta</span> <span word="version">version</span> <span word="is">is</span> <span word="already">already</span> <span word="available">available</span> <span word="for">for</span> <span word="some">some</span> <span word="developers">developers</span>.</p><p><span word="Analysts">Analysts</span> <span word="said">said</span> <span word="Tencent">Tencent</span>, <span word="famous">famous</span> <span word="for">for</span> <span word="social">social</span> <span word="and">and</span> <span word="gaming">gaming</span> <span word="products">products</span>, <span word="is">is</span> <span word="eyeing">eyeing</span> <span word="the">the</span> <span word="e">e</span>-<span word="commerce">commerce</span> <span word="sector">sector</span> <span word="for">for</span> <span word="profit">profit</span> <span word="growth">growth</span> <span word="as">as</span> <span word="advertising">advertising</span> <span word="growth">growth</span> <span word="flattens">flattens</span>. <span word="However">However</span>, <span word="the">the</span> <span word="new">new</span> <span word="area">area</span> <span word="is">is</span> <span word="a">a</span> <span word="territory">territory</span> <span word="long">long</span> <span word="dominated">dominated</span> <span word="by">by</span> <span word="Alibaba">Alibaba</span>, <span word="the">the</span> <span word="nation">nation</span>'<span word="s">s</span> <span word="largest">largest</span> <span word="Internet">Internet</span> <span word="company">company</span> <span word="by">by</span> <span word="market">market</span> <span word="capitalization">capitalization</span>.</p><p><span word="Alipay">Alipay</span>, <span word="a">a</span> <span word="third">third</span>-<span word="party">party</span> <span word="payment">payment</span> <span word="subsidiary">subsidiary</span> <span word="under">under</span> <span word="Alibaba">Alibaba</span>, <span word="is">is</span> <span word="the">the</span> <span word="biggest">biggest</span> <span word="online">online</span> <span word="payment">payment</span> <span word="platform">platform</span> <span word="by">by</span> <span word="transaction">transaction</span> <span word="volume">volume</span>.</p><p><span word="Pony">Pony</span> <span word="Ma">Ma</span>, <span word="chief">chief</span> <span word="executive">executive</span> <span word="of">of</span> <span word="Tencent">Tencent</span>, <span word="is">is</span> <span word="betting">betting</span> <span word="on">on</span> <span word="his">his</span> <span word="company">company</span>'<span word="s">s</span> <span word="mobility">mobility</span> <span word="strength">strength</span> <span word="to">to</span> <span word="challenge">challenge</span> <span word="Alibaba">Alibaba</span>. <span word="WeChat">WeChat</span>'<span word="s">s</span> <span word="offline">offline</span> <span word="payment">payment</span> <span word="feature">feature</span> <span word="may">may</span> <span word="add">add</span> <span word="pressure">pressure</span> <span word="to">to</span> <span word="Alipay">Alipay</span>, <span word="which">which</span> <span word="is">is</span> <span word="also">also</span> <span word="trying">trying</span> <span word="out">out</span> <span word="off">off</span>-<span word="the">the</span>-<span word="Web">Web</span> <span word="payment">payment</span> <span word="services">services</span>.</p>
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