WeChat-owner Tencent starts mutual fund advisory services to take on Alibaba

WeChat-owner Tencent starts mutual fund advisory services to take on Alibaba

REUTERS/Kim Kyung-Hoon

Chinese tech giant Tencent Holding is making forays into fund advisory services, vying for a share of the potentially lucrative market with rival Alibaba Group Holding Ltd, which entered the business just months ago.