On July 31, Reuters reported that China’s anti-monopoly authorities were studying whether to launch anti-monopoly investigations on WeChat Pay and Alipay.
According to the 21st Century Business Herald, the State Administration for Market Regulation and core experts in the field of anti-monopoly have asked for verification. All those concerned have said that they have not heard of the investigation mentioned in the report and it is not clear where the source of Reuters’s information comes from.
Many people interviewed said: Anti-monopoly investigation is a very serious matter, and it will be conducted only after the procedure of filing a case, and there will be strict approval procedures.