Posts with tag Tencent

Chinese Tencent launches WeChat Enterprise

Tencent, the owner of China’s most popular messaging app with approximately 700 mn active monthly users, has launched WeChat Enterprise for businesses. It is a separate app for managing office communications, which is quite convenient as it separates private chats and business communication to avoid distractions. In China the app is called Qiye Weixin and…

WECHAT FIGHTS HEAVY FOOT TRAFFIC

WECHAT FIGHTS HEAVY FOOT TRAFFIC

Traffic jams have long been a big problem for most people in China. Since the country is permanently overcrowded, traffic jams have long become a pain in the neck not only for drivers but now for pedestrians too. WeChat offers a solution to this problem – a new feature on its list of options. The…

American messaging apps want to become WeChat

American messaging apps want to become WeChat

Vurb to compete against Kik? Popularity of WeChat is seriously gnawing at the American messengers. Practically every distinguishable player on this market chooses the path of “all-in-one platform”. Kik openly announces its intend to follow this path, having attracted US $50 from Tencent. Snapchat is following suit with Discover as does Mark Zuckerberg integrating payment…

Tencent gaming Kik plus a $50 million investment

Tencent gaming: Kik plus a $50 million investment

Tencent injects funds into Kik Interactive Inc.! Tencent is the largest internet company in China, as well as the owner of QQ and WeChat messaging apps, has decided to invest into Kik Interactive Inc. The situation looks rather strange, but both WeChat and Kik are regionally popular communication clients. They’re practically rivals, to be honest….

WeChat estimated at $83.6 billion

WeChat estimated at $83.6 billion

WeChat growing in value? According to a report from Bloomberg, the messaging application WeChat is valued at 83.6 billion US dollars, which is about a half of the current market capitalization of Tencent, owner and developer of the messaging service. Regardless of the fact that the value of Tencent’s asset can hardly be measured financially,…

Is QQ beating WeChat?

Is QQ beating WeChat?

Chinese young people prefer QQ According to a Chinese survey, users who were born after 1995 prefer QQ messenger and are not keen on WeChat. This happens, first of all, because they want to hide their private life from their parents. Recently, the QQ user base grew 72% and 80% of them are people from…

CHINA TIGHTENS SCREWS ON LOCAL IT COMPANIES

CHINA TIGHTENS SCREWS ON LOCAL IT COMPANIES

China’s part of the legislation that deals with the Internet is, one may say, is already the most stringent in the whole world: the “Great Firewall of China”, and harsh censorship of everything, including social networks has long been used as catch phrases. However, the Chinese government decided that this approach is too soft and…

WeChat to let users trade securities

WeChat to let users trade securities

WeChat launches a securities trading platform WeChat, the popular Chinese messaging app that regularly rolls out new functionalities is planning to introduce a platform for securities trading. It has been reported that the trading platform will be equipped with a face-recognition system, which means that in order to open an account, a user will just…

Xiaolong-Zhang

Xiaolong Zhang

Senior Executive Vice President in Tencent Holdings, President of Weixin Group; founder of Foxmail and WeChat