The battle for the world’s biggest mobile-payment market is turning cutthroat. But now leading domestic rival Tencent Holdings Ltd. is leveraging the popularity of its WeChat social-messaging app to increase its slice, and... Since Chinese consumers began adopting mobile payment a few years ago, Internet giant Alibaba Group Holding Ltd. has had a lock on the huge and growing market through its Alipay system, run by an affiliate company.

Source: Wall Street Journal May 22, 2016 14:00 UTC