Alibaba vs Tencent: Who’s winning China’s tech war?

“My pick would be Tencent since they really dominate the mobile market with their WeChat app, with 600 million users on the app every day. Now, they’re expanding into e-commerce and games have been a stronghold, so in the first innings of the mobile war, I would say Tencent is a little bit ahead of Alibaba,” David Chao, co-founder and general partner at venture capital firm Doll Capital Management, told CNBC’s “Asia Squawk Box…”

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