Tencent, Alibaba Have their Eyes on Mobile Payment Prize

(Hangzhou) – It can be tricky to get a taxi at the Hangzhou airport. But recently Beijinger Zhang Rui, who was on business trip to the bustling eastern city, walked out of the airport, past a long line of people and hopped right in a cab.

Zhang had booked the taxi using the taxi-hailing app Didi Dache, which is one of the latest services to link with Internet giant Tencent Holdings Ltd.'s hugely popular voice and text messaging app WeChat.