2023-10-17 06:25:00 ET
Tencent Holdings (OTC: TCEHY) and Alibaba Group Holding (NYSE: BABA) are two of the biggest tech companies in China. Tencent owns WeChat, the country's largest mobile-messaging platform and super app, and it's the world's largest video game publisher. Alibaba owns the country's largest e-commerce and cloud infrastructure platforms.
Tencent's WeChat Pay holds a near-duopoly in China's digital payments market along with AliPay, which is owned by Alibaba's fintech affiliate Ant Group. Tencent and Alibaba also each operate their own streaming-video and music platforms.
Image source: Getty Images. The Shanghai skyline.
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Better Chinese Tech Stock: Tencent vs. Alibaba