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                        Tencent opens up Philippines e-payment battlefront

                        The company behind WeChat Pay teams up with KKR to invest $175 million in Philippines digital payment platform Voyager Innovations, intensifying its rivalry with Alibaba.

                        Tencent opens up Philippines e-payment battlefront

                        Tencent took its mobile payment rivalry against Alibaba up a notch?on Thursday?by joining up?with private equity fund KKR to invest $175 million in a digital payment platform in the Philippines.?

                        The agreement to take a minority stake in Voyager Innovations, the digital platform of the Philippines’s biggest telecommunications provider,?PLDT, is a major coup for Tencent?in its efforts to access Southeast Asia's second-largest internet...

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