![]() However, WeChat’s signup process can be complicated, especially if you’re not in China. The app is straightforward to use, and that’s probably what WeChat users like about it. WeChat is a popular messaging app by Tencent and now has over a billion active users. MP4 Repair: How to Fix Corrupted Video Files in 2019.Best Choice Stellar Phoenix Data Recovery.How to Create a Strong Password in 2023: Secure Password Generator & 6 Tips for Strong Passwords.How to Securely Store Passwords in 2023: Best Secure Password Storage.Best Password Manager for Small Business.How to Access the Deep Web and the Dark Net.Online Storage or Online Backup: What's The Difference?.Time Machine vs Arq vs Duplicati vs Cloudberry Backup.Market holidays and trading hours provided by Copp Clark Limited. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. ![]() Your CNN account Log in to your CNN account “For example, when WeChat Pay was first launched, there any well-established mobile payment services in China yet … While in the US, there are already PayWave, Apple Pay, Google Pay, PayPal, Venmo.” “When WeChat first launched extended services beyond social, there weren’t that many established competitors in related businesses yet,” she told CNN Business. Xiaofeng Wang, a principal analyst at Forrester who focuses on digital marketing and engagement strategies in Asia Pacific, echoed that view, noting that the industry had only become more saturated in recent years. “To try to become a super-app, it’s actually very hard,” he said in an interview. To some extent, WhatsApp, Facebook, YouTube, TikTok and practically “everything” are trying “to become super-apps as well,” said Ivan Lam, a senior research analyst at Counterpoint Research based in Hong Kong. But analysts say he would face numerous challenges.įirst: the fiercely competitive landscape. (FB) CEO Mark Zuckerberg also suggested that WeChat should be a case study for his company.įor now, Musk has yet to outline his plans for X. Musk isn’t the only prominent US tech leader taking cues from China: Previously, Facebook “You basically live on WeChat in China because it’s so usable and helpful to daily life, and I think if we can achieve that, or even get close to that at Twitter, it would be an immense success.” “I think an important goal for Twitter would be to try to include as much of the country, as much of the world, as possible,” said the billionaire businessman. In June, at a town hall with Twitter employees, he compared the American company’s potential to that of Tencent’s ubiquitous service in China. Musk has not been shy about his desire to emulate the success of WeChat. (Photo by Justin Sullivan/Getty Images) Justin Sullivan/Getty Images Billionaire Elon Musk, CEO of Tesla and Space X, reached an agreement to purchase social media platform Twitter for $44 billion. SAN FRANCISCO, CALIFORNIA - APRIL 27: In an aerial view, a sign is seen posted on the exterior of Twitter headquarters on Apin San Francisco, California. Grab was initially best known as a ride-hailing service provider, while Line gained popularity as a messaging app, and both have since branched out significantly to offer other features. More than a billion users, primarily in mainland China, rely on the social network to do virtually everything - from ordering groceries to booking a yoga class to paying bills - without leaving the app.Įlsewhere in Asia, people have also flocked to apps such as Grab ( GRAB) in Singapore and Malaysia, or Line in Japan. (TCEHY) and sometimes described as Facebook Chief among them is WeChat, the platform that is owned by Chinese tech giant Tencent Several tech companies in the region have already succeeded with their own versions of such applications. Now, Musk’s intention to build out what’s assumed to be a multipurpose platform has drawn comparisons to “super-apps” in Asia, essentially one-stop shops that do it all for users. In major reversal, Elon Musk again proposes buying Twitter at full price Tesla and SpaceX Chief Executive Officer Elon Musk speaks at the SATELLITE Conference and Exhibition in Washington on March 9, 2020.
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