WeChat Revenue and Usage Statistics (2020)

WeChat was launched in 2011 as Weixin – Mandarin for ‘micro-message’. As the name suggests, it originally functioned as a simple messenger app – a Chinese equivalent to WhatsApp in essence. WeChat was developed by and belongs to Chinese tech behemoth Tencent Holdings –one of the most valuable companies in the world, worth well over $500 billion as of mid-May 2020. Other names in the Tencent stable include QQ Messenger and Riot Games (League of Legends), among many others. It also holds various significant stakes in other international app names (Snapchat, Fornite). Tencent was reportedly on the brink of purchasing rival popular messaging app WhatsApp in 2014. An untimely surgery for CEO Pony Ma, however, allowed a panicked Mark Zuckerberg to get in there first.

Oct 30, 2020 ... In markets where Facebook and Twitter are active – thus excluding the ... users use WeChat to access bus/metro services every minute during ...

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