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 Tim Culpan October 17, 2018 PremiumTwo 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. Continue reading this story with a subscription to DealStreetAsia. Subscribe Already a subscriber? Log in Should your colleagues be reading this article too? Contact us for corporate subscriptions at firstname.lastname@example.org.