In Uber’s Quest to Win Over China, Tencent Blocks the Way
China’s dominant ride-hailing app has powerful friends. Among the backers of the car-booking app Didi Kuaidi is Tencent, owner of the country’s most popular messaging app, WeChat. The service’s more than 600 million active users, most of whom reside in China, use the app to communicate with friends, as well as receive updates and coupons from many of their favorite domestic and foreign brands—with one major exception.
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