Staff Reporter
Want China Times - 2014-01-02
Instant messaging app WeChat has helped Chinese internet giant
Tencent become the first company to secure a position in the mobile
internet market, but it is expected to face greater competition from
rivals, the Shanghai-based First Financial Daily reports.
One of the chief rivals is the Alibaba Group. An employee of the
e-commerce business leader told the newspaper that the company was
planning to target WeChat in four areas — telecom services, its own IM
app Laiwang, vendors on its online platforms, and through the
celebrities using the Sina Weibo microblogging service.
Alibaba officials declined to comment on such a plan, but the company
has invested heavily in its Laiwang app, which is aimed at rivaling
WeChat, the newspaper said.
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