Wechat

An estimated 390 million yuan was lost to internet fraud in China last year, a five-year high

The tool could bring extra revenues to the Chinese internet giant.

Both WeChat and Weibo have put initiatives in place to help social media users limit the time they are visible online.

Services corral smartphone generation but critics warn of risks to innovation.

Alipay and WeChat Pay lure Chinese outbound tourists with favorable exchange rates and streamlined processes.

Some consumers may be unconcerned but experts warn they can be hurt by giving too much information away.

Ant leads the investment into Xinlian Technology, a subsidiary of state-owned highway company SDHS.

QFPay operates in 13 markets across Asia and the Middle East.