Tencent exec expects WeChat Pay in every shop in China within 2 yrs


Reuters

HONG KONG, April 21 (Reuters) - An executive at Tencent
Holdings Ltd <0700.HK>, China's biggest social media and online
entertainment company, said on Friday he expects its mobile
messaging app WeChat to provide electronic payment services in
every Chinese shop within two years.
    Tencent Vice-President Zhang Ying, who is also General
Manager of WeChat Pay, made the comments at an industry
conference in Hong Kong.
    WeChat has more than 889 million monthly active users,
according to Tencent's annual report.

 (Reporting By Sijia Jiang; Writing by Anne Marie Roantree;
Editing by Gopakumar Warrier)
 ((annemarie.roantree@thomsonreuters.com; +852 97387151; Reuters
Messaging: annemarie.roantree.thomsonreuters.com@reuters.net))

Keywords: TENCENT HOLDINGS WECHAT/ (URGENT)



This article appears in: Politics , World Markets , Stocks , Economy
Referenced Symbols: 0700


More from Reuters

Subscribe






See headlines for 0700

Follow on:








Research Brokers before you trade

Want to trade FX?