On the 7th anniversary of Tenpay(the online payment service by Tencent), the GM of the company announced that the company would start collaboration with Tencent’s IM service Weixin and its B2C arm. This 7-year-old company (founded in April 2005) currently has over 190 million users, partnering with about 400,000 merchants covering games, travels, B2C, insurance, steel, funds and cross-border industries. The services it provides include installment, entrustment, Epos payment, quick pay, and in 2011 its online trading volume reached over RMB 450billion.

On this special occasion, manager Lai Zhiming pointed out five specific moves that will be taken soon by Tenpay: 1. Get available to more Tencent’s core services; 2. Deepen partnership with Weixin; 3. Dig in the payment market; 4. Expand overseas O2O payment; 5. Connect with QQ Caibei’s platform.

The second one easily caught our eyes, for Weixin is such a popular star these days that everyone would like to take a share with it. This month, Tencent leader Pony Ma posted on his Weibo that Weixin users had already surpassed 200million. Actually the great thing about partnering with Weixin is more than its huge user base, the open platform and multifunction of Weixin can create incredible opportunities for Tenpay.

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Charlie Sheng

动点科技驻湾区记者. Charlie is an entrepreneur based in San Francisco and Hong Kong who calls herself the undefeated caffeine champion. You can reach her at charlie.sheng (at) technode.com