Ignoring the WeChat wave is not an option
In China, WeChat is now at the centre of almost everyone's lives. How long will it take for financial service providers in the West to catch up?
“Do you have WeChat in your country?” I was asked by a complete stranger on a recent trip to Chongqing. If there were any doubt that China’s tech giants – Alibaba, Tencent, Baidu and Huawei – were more than simply an arm of commerce, then the question dispelled it immediately.
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