As WeChat challengers emerge, Tencent may pick other battles to fight

FILE PHOTO: WeChat mascots are displayed inside Tencent office at the TIT Creativity Industry Zone in Guangzhou, China May 9, 2017. REUTERS/Bobby Yip/File Photo

Two hip, young startups are set to become the latest challenge to Tencent Holdings Ltd. just as China’s dominant social-media company struggles with shrinking margins and slowing growth.

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