Media reports have suggested that Shanghai Shenhua paid 84 million euros (72.6 million pounds) for Tevez, who returned to Argentina last year after spells in England and Italy.
Oscar joined local rivals Shanghai SIPG from Chelsea in a deal believed to be worth 60 million euros.
A spate of other footballers, playing in different European leagues, have also been linked to a move to China.
"You do not create a top league just like that. When you want to be a football player your first aspiration is to play in the best league with the best players," the Arsenal manager told British media.
"After that, you want to combine playing in the best league with the best players for the maximum amount of money. That combination is best in England right now. But professional football in England was created 150 years ago.
"And we still struggle. I believe it's a slow process of creating a football culture. In China it's new. The culture of professional football is not there. So it will take time."
Wenger, along with Chelsea counterpart Antonio Conte, had previously expressed concern that a growing number of players could be lured to the Far East by the riches on offer in the Chinese Super League.
Wenger, however, felt the game has made strides in the world's most populated country and expects India to make their mark soon.
"But China has moved forward. It tries to promote football and I'm happy that football has become popular in China. I also expect India to come to the game too you know. I hope it will happen," the Frenchman said.
(Reporting by Shravanth Vijayakumar in Bengaluru; editing by Sudipto Ganguly)
