
WeChat has helped make Tencent the largest company in Asia and propelled its market capitalisation to US$800bil, 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. — SCMP
Chen Channing, a 30-year-old legal professional in Shenzhen, cannot go a day without WeChat, the all purpose app developed by Chinese tech giant Tencent Holdings.
Before he brushes his teeth in the morning, Chen checks for messages on the app. He uses the payment function to ride the subway to work and on the way reads the WeChat news digest. At the office, Chen spends most of his working day using the desktop version of the app.
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