Ever hear of WeChat? You will. It is the most popular messaging app in China but it's so much more than just a way to communicate with your friends. Bloomberg Businessweek's Dune Lawrence explains why Facebook and other social networks are seriously jealous of WeChat. (video by Ali Withers) Published June 9, 2016.
Preview of WeChat for Android and Android Wear:
WeChat is a free messaging & calling app used by over 700 million people worldwide that allows you to easily connect with family & friends across countries. It’s the all-in-one communications app for free text (SMS/MMS), voice & video calls, Moments, photo sharing, and games. Video published April 25, 2016.
- Domain name: wechat.com
- Parent company domain name: tencent.com
According to Wikipedia, Tencent became the largest internet company in Asia by value in September 2015, after Alibaba Group suffered a major drop in shareholder value. As one of the largest internet companies in the world, Tencent provides many services including social networks, web portals, e-commerce websites, and multiplayer online games. Among its well-known offerings in China are instant messenger Tencent QQ and one of the largest web portals in China, QQ.com. Mobile chat service WeChat has led Tencent's continued expansion into smartphone services. Tencent also holds 15% stake of JD.com, one of the largest B2C online retailers in China.WeChat Payments = Can Drive Merchant Loyalty & CRM. #InternetTrends https://t.co/wTgfOi2MTf pic.twitter.com/UeG8oCumok— Kleiner Perkins (@kpcb) June 1, 2016
Current market capitalization of Tencent is about US$212B (HKG) compared to Alibaba US$188B (NYSE), Apple US$545B (NASDAQ), Alphabet (Google) US$498B (NASDAQ), and Amazon US$339B (NASDAQ).
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