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The partnership will focus on the bank's
Jingyitong initiative, which lets users swipe a chip-enabled
card at hospitals to obtain medical care and other services,
Tencent and Bank of Beijing said on Wednesday.
In January, Tencent began trial operations of its WeBank service
to issue loans to individuals and small and medium-sized
businesses. The service is endorsed by the Chinese government,
which is seeking to gradually open the banking sector dominated
by state giants.
The sector is hotly contested by Alibaba Group Holding Ltd,
which has said it would launch its own internet bank in June.
(Reporting by Gerry Shih; Editing by Miral Fahmy)
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