In China payment war, Walmart places bet on Tencent

Walmart Inc has placed a bet on Tencent Holdings Ltd’s mobile payment system, giving the tech giant a boost in its battle with Alibaba Group Holding Ltd for pole position in China’s fast-growing payments market. Walmart, the world’s largest retailer, on Tuesday said it had dropped Alibaba-linked Alipay in all its stores in the western region of the country, after agreeing … https://reut.rs/2q2jwyX

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