As big as Tencent is, the WeChat backend system is far from perfect:
WeChat Crossborder Payment (WePay) is not particularly new, but to a lot of businesses outside China it can still seem like magic.
Tencent, Alibaba and Baidu are very different companies with one common denominator: diversification. The 3 China tech-leaders are launching forays in many industries, and often end-up in fierce competitions.
Tencent has been restlessly compared with its Western equivalent, Facebook. Some analysts would praise Tencent for its innovative approach to mobile, O2O and revenue model. Others would treat it as a mere copycat.