How WeChat Pay became Alipay’s largest rival

Last month, Analysys published a report on China’s mobile payment market for the fourth quarter of 2016. Alipay had a market share of 54.7%; Tenpay – which includes WeChat Pay – came in second with about 37%. And while Alipay saw higher transaction amounts – influencing its overall market share – Tenpay had almost double the number of active users. Read more: