Sign up to receive 5 free days of our daily summary for tech news.

Read this article for free.

Already a subscriber? Log in here

Asia

Inside Tencent’s Fight To Win Mobile Payments

To win control of China’s multi-trillion dollar mobile payments market, Tencent is fighting a gruelling ground war aimed at getting retailers and restaurants to accept its WeChat Pay digital wallet. A recent meeting between Tencent representatives and small business owners in Central China’s sprawling megalopolis of Wuhan highlighted the challenges.

The meeting, held in an opulent ballroom at a luxury hotel, was supposed to be a chance for store owners that accept WeChat Pay to be updated on new services. But things didn’t go so smoothly, said a person who attended the meeting. Some restaurant managers complained that WeChat Pay’s commission fees were too high, saying they paid lower fees to Alipay, the rival service provided by an affiliate of e-commerce giant Alibaba that has a bigger market share. In response, Tencent employees shifted the discussion to how WeChat Pay can help restaurants cut other expenses.

What Is The Information?

Notebook b5103017ee163370a1667c9ce59ab0ef023875a17888105d26c185cadf31bb69

Daily news analysis

Every weeknight, we'll send you our reporters’ views on the day’s top tech news—distilled into one email.

Notes bb3aa5069205d702dda37fc71dc6f1c59df2310c4379304e9f1199f052af4884

Exclusive Articles

We broke it first. Receive original reporting, stories, and exclusives you won't read anywhere else from the largest newsroom in tech.

Conference calls c9e664e8b96ee347d3e92b8309938f268422b9db98cfabca5c826fbb75054b23

Conference calls

Go deep into areas like crypto and VC diversity—or get real-time analysis of breaking news—via conference calls with our reporters and other experts.

Events 499acedd16cffc41445edd76bfd302b2836c2a27419890f17130a6b10e2aa3df

Special Events

For no extra fee, subscribers get access to more than a dozen events yearly, from intimate dinners to larger gatherings with marquee speakers.

Access the best reporting on the tech industry read by tens of thousands of global executives.

Become a contributor

Share your views and find other subscribers by completing your profile. You’ll be listed in our contributor directory.

Org Charts

Access the only collection of tech company org charts. Our expanding database includes companies like Amazon, Snap, and Uber.

Slack community

Discuss topics and current events with our subscriber-only Slack group and share news about your company with other subscribers.

Share with your team

Subscribers can unlock any article and share it with friends and co-workers through a special share link.

Stay up to date on Silicon Valley

Sign up for Jessica Lessin’s (The Information’s CEO & Founder) free Saturday newsletter and also receive a complimentary week of our daily afternoon tech commentary email.

Already a subscriber? Log in here

Recent Articles

Biotech

Scientists and Silicon Valley to Mingle at Breakthrough Prizes

By Sarah Kuranda, Aaron Tilley, and Nick Wingfield

Asia Startups

Tencent-Backed Startup’s Valuation Tops $2.8 Billion in China’s Online Education War

By Yunan Zhang

Asia Venture Capital Startups

SoftBank in Talks to Invest in Alibaba-Backed Bike Sharing Startup Hellobike

By Yunan Zhang and Juro Osawa

Asia E-commerce

How Alibaba’s New Chief Will Navigate Tougher Times

By Juro Osawa

“We don’t just process payments. We try to help merchants upgrade their business models.”