“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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