As China ramps up testing of its digital yuan, its call for help from Ant and Tencent has led to an awkward dynamic, as Alipay and WeChat Pay are rivals
“For Ant and Tencent, it's risky to encourage the development of [digital yuan], but it's even more risky to stay on the sidelines,” said the former head of the IMF's China division https://www.wsj.com/...
“For Ant and Tencent, it's risky to encourage the development of e-CNY, but it's even more risky to stay on the sidelines,” said the former head of the IMF's China division https://www.wsj.com/...
China is calling on private-sector pioneers Ant Group and Tencent to help it develop a state-backed digital currency that threatens the pair's highly popular payment networks. https://www.wsj.com/...