Beijing asks Tencent to lower WeChat's mobile payment market share
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China's regulators have asked Tencent Holdings to lower the mobile payment market share of its WeChat app, specifically targeting in-person payments made by scanning QR codes. The directive is not focused on online shopping. This move is part of the government's efforts to address tech 'monopolies'.

#Tencent #Wechat #MobilePayment #MarketShare #Regulation #China

https://asia.nikkei.com/Business/Technology/Beijing-asks-Tencent-to-lower-WeChat-s-mobile-payment-market-share