Alipay, Tencent face their biggest rival yet in Chinese central bank

Alipay, Tencent face their biggest rival yet in Chinese central bank

People's Bank of China. Photo: Bloomberg

Lulu Yilun Chen, Zheping Huang

25 October, 2019

Alipay People's Bank of China WeChat Pay

Printed by Unregistered user on Tue, 22 Jul 2025 02:24:00 GMT

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief

Subscribe to Newsletter

You may also like

Russian internet firm Mail.Ru partners Alipay for payments JV

Policy & Regulations

Nepal bans China's WeChat Pay, Alipay

Read more from Greater China

Venture Capital

Startup funding in Greater China grows 13% in Q2 on Ximalaya’s $2.4b deal

Cannot rely solely on valuation metrics for AI investments: Cathay Innovation