Wechat was planned and launched by Shenzhen Tencent Holdings Co., Ltd. on June 20 10, and was created by the product team of Tencent Guangzhou R&D Center. The team led by team manager Zhang Xiaolong has successfully developed Internet projects such as Foxmail and QQ mailbox. Ma, president of Tencent, confirmed the name of this product as "WeChat" in the email of product planning.
Since its establishment in 2004, Alipay has always regarded "trust" as the core of its products and services. It owns two independent brands, Alipay and Alipay Wallet. Since the second quarter of 20 14, it has become the largest mobile payment manufacturer in the world. On August 29th, 20 18, the legal person of Alipay (China) Information Technology Co., Ltd. was changed from Ma Yun to Ye Yuqing.