Date
18 October 2018

WeChat offers insurance for payment service users, paper says

Tencent Holdings Ltd. (00700.HK), China’s largest listed internet firm, has reached an agreement with PICC Property and Casualty Co. Ltd. (02328.HK) that users of its third-party payment service under WeChat will be fully compensated by the latter in case of any losses, Beijing News reported Friday, without citing any source. A senior official of Alipay, Alibaba Group’s third-party online payment platform, said recently that Tencent’s new payment service contains risks, the report said.

– Contact HKEJ [email protected]

TL/AC/CG

 

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