Chinese web giant Tencent has reduced transaction fees for small and medium-sized enterprises using its WeChat payment system by 10%, the company announced on Thursday.

The move is a “proactive answer” to the government’s call on lowering operational costs for SMEs as well as individual merchants, Tencent wrote in its announcement, that was also published via WeChat.…

This data comes from the ChinaPulse.com media intelligence and smart news insights monitoring platform.