HONG KONG -- Tencent Holdings has been asked by China's regulators to lower the mobile payment market share of its ubiquitous WeChat app, three sources briefed on the matter told Nikkei Asia.
Technology
Beijing asks Tencent to lower WeChat's mobile payment market share
Ubiquitous app is in the crosshairs as regulators take aim at tech 'monopolies'
A WeChat Pay system. Tencent's app is one of the two main players in China's mobile payments market. © Reuters
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