It is clear that brands will need to move swiftly over the coming months to be in line with government regulations, with how smoothly and successfully they can do so whilst maintaining unique experiences to their users being the key factors in continuing to dominate the tech landscape. ![]() With WeChat’s open access to its 1.25 billion monthly active users, these efforts, hopefully, could encourage other parties to follow suit to create a more open digital environment while leveraging each other’s user bases. Although it is unknown if this administrative punishment has played a part in the latest action, it is a cause of optimism for users of relevant services as they can enjoy easier access and the possibility to move across media platforms. Having lived in China from 2009-2015 Im quite familiar with WeChat (aka Weixin, or, as its known in Chinese), which is now the most used chat app in the. This move took place just a few days after Tencent was ordered to halt updates to existing apps or roll out new apps, by China’s Ministry of Industry and Information Technology (MIIT), in order to review its compliance with privacy rules. However, the move by WeChat has been a significant step forward in achieving interoperability as the two companies had been blocking each other for eight years. This raises a natural concern to the integration for both sides, as there is a chance of losing user bases to one another, with rivalry and app success more critical than ever for continual growth.Īlibaba has not responded to WeChat’s update as of this writing. ![]() Users can then make orders to Taobao without leaving WeChat, although WeChat Pay is still excluded as a method of payment for such purchases, showing the resistance Taobao has to this new cross-platform operation. Meanwhile, there do not seem to be any updates from Taobao’s side regarding a further open-up to WeChat, with users still having to copy the sharable link in Taobao and paste it to WeChat. On May 21, Tencent’s WeChat Pay rolled out a new palm payment method, whereby users can complete an entire transaction with a simple wave of their hand. The team at WeChat responded to this issue, stating that functional coverage “will take a certain amount of time”, and will be fully covered over the coming two days. 14 hours ago &0183 &32 What Happened: Already freed from carrying wallets, Chinese citizens can now also leave their phones at home. Some Chinese netizens have also run personal tests and reported that external links still do not open in WeChat on their devices. With this move forced upon them, it also offers the potential of gaining new users via the synergy between competing apps. Such practice would be based on “ensuring security and user experience”, as Tencent stated in an official announcement. Other players include JD.com's JD Pay, Baidu Wallet and Meituan Pay.WeChat, China’s instant messaging app (developed by Tencent), released an update note on Monday (29 November) night, announcing that the platform, “will begin to update the external link management measures from now on, and external links will be directly opened in the one-to-one chat scene” as a response to the Chinese government’s push for interoperability among tech firms in the country.Įxternal links shared from Alibaba’s e-commerce platform Taobao, and the Chinese version of TikTok (Douyin), are now accessible from WeChat without a “risk warning” page. It provides a glimpse of what TikTok could eventually become, as Douyin started selling merchandise in 2017 and now operates a growing e-commerce operation where hundreds of millions of users shop on a daily basis.īyteDance's expansion comes as China's financial regulators are tightening oversight over financial technology firms, particularly companies such as Ant Group.Ĭhina's third-party payment sector is dominated by Alipay and WeChat Pay, with the former taking 55.39% of the total market in the second quarter of last year, according to market researcher Analysys. The company, which denies the allegation, has been in talks for months with Walmart Inc and Oracle Corp to shift such assets into a new entity.ĭouyin is the main revenue generator for ByteDance. Hezhong Yibao obtained a third-party payment license from the central bank in 2014. Users of Douyin, which accumulated 600 million daily active users, previously could use Ant Group's Alipay and Tencent Holdings' WeChat Pay, the country's two ubiquitous third-party mobile payment channels, to buy virtual gifts for live streamers or items from shops on the platform.īyteDance founder and CEO Zhang Yiming built up the company's payment capability in China by acquiring Wuhan Hezhong Yibao Technology Co last year. "The set-up of Douyin Pay is to supplement the existing major payment options, and to ultimately enhance user experience on Douyin," Douyin said in a statement. ![]() ![]() Beijing-based ByteDance launched on Tuesday its third-party payment service for the Chinese version of its hit short video app TikTok, "Douyin Pay", as it presses to expand into the e-commerce business in China.
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