Ant Financial, Tencent bag licences to operate digital wallets in Hong Kong

Ant Financial, Tencent bag licences to operate digital wallets in Hong Kong

Tencent company name is displayed at a news conference in Hong Kong, China March 17, 2016. REUTERS/Bobby Yip

Ant Financial and Tencent Holdings Ltd. have won approval to operate digital wallets for customers in Hong Kong, a significant step in the two Chinese internet giants’ overseas expansion.

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