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How JD Backer Tencent Won Walmart’s Payment Business

How JD Backer Tencent Won Walmart’s Payment Business

Walmart (WMT) is adopting Tencent’s (TCEHY) WeChat Pay as its preferred mobile payment service in western China, saying the move is designed to improve the customer experience. Walmart’s move to WeChat Pay to improve the customer experience comes at a time when speed is reshaping the online retail competition.