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American Express (AXP +1.5%) will offer an online payment service with Tencent Holdings...
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Wednesday, September 28, 2011, 11:56 AM ETAmerican Express (AXP +1.5%) will offer an online payment service with Tencent Holdings (TCEHY.PK) in its first collaboration with an electronic payment partner in China. The agreement will allow users of Tencent’s online service to make purchases outside China. Alibaba now takes 45% of such third-party online payments in China; Tencent's share is 21%.
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