A sticker at a Shanghai store lets customers know it accepts payments via WeChat. Photo: EPA-EFE
Tencent super app WeChat celebrates a decade of influence in China’s online world, but are its best years behind?
- WeChat has helped make Tencent the largest company in Asia and propelled its market capitalisation to US$800 billion, the sixth biggest globally
- While WeChat does not have to worry about foreign competition, it is facing a fierce fight from emerging domestic rivals like ByteDance
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A sticker at a Shanghai store lets customers know it accepts payments via WeChat. Photo: EPA-EFE