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WeChat to manage wealth

By Meng Jing | China Daily | Updated: 2014-01-17 07:15

Tencent announces plans to add financial services to messaging app

Tencent Holdings Ltd pushed into the nation's booming online financial services sector on Thursday as it announced plans to launch a wealth management service on its dominant mobile messaging app WeChat.

The service, called Licaitong, was jointly developed by Tencent and four fund companies, including China Asset Management Co and GF Fund Management Co.

WeChat to manage wealth

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