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Internet firms lock horns over sports lotteries

By Meng Jing | China Daily | Updated: 2014-06-25 07:02

Sports lottery sales have taken off with the ongoing World Cup, and China's Internet titans are battling for a piece of that action as each seeks to boost its respective share of the mobile payments market.

QQ Lottery, a vertical lottery sales channel under QQ, Tencent Holdings Ltd's popular instant messaging service, recently announced that it has temporarily blocked Alipay, the e-payment arm of rival Alibaba Group Holding Ltd, a move that stops QQ users from using Alipay to top up their betting accounts on QQ.

The Shenzhen-based Tencent, which may soon lose its title as China's largest Internet company by capitalization as Alibaba heads to what could be a record initial public offering in August, said in a statement to China Daily on Tuesday that it takes a long time for Alipay to transfer money to people's accounts, so it has decided to block Alipay temporarily for the sake of users' experience.

Internet firms lock horns over sports lotteries

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