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Stocks

Tencent shares jump on hopes for WeChat Pay's overseas expansion

Stock hits 2-week high as payment service seeks to enter Malaysia, Europe

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Visitors use their smartphones underneath the logo of Tencent in Beijing.   © Reuters

HONG KONG -- Tencent Holdings' share price jumped in Hong Kong on Wednesday to a two-week high, following reports the internet company has applied for a license in Malaysia to offer payment services in local currency on its WeChat Pay platform.

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