Hints and tips:
...Even in China, where independent labour unions are illegal, workers are banding together informally, organising via large WeChat groups....
...At the height of the pandemic-driven boom in online spending it envisaged acquisitions that could turn it into a WeChat-style super app encompassing payments, savings and shopping....
...This week, Apple made a move to further bump up revenues by selling its products on popular Chinese social media platform WeChat’s online store....
...The No 10 General Design Department of the China Aerospace Science and Industry Corporation on Monday published a post on China’s social media service WeChat advising staff of procedures to check their iPhone...
...The Shenzhen-based internet giant has leveraged its ubiquitous messaging and payment app, WeChat, to cement its top position by building games into its platform....
...The disappointment, however, was visible in live comments posted by many of the 2mn people watching Li’s speech on the WeChat social media app....
...obstacle courses, put NetEase in direct competition with Tencent in the casual games market, which the larger player usually dominates by embedding its products into its ubiquitous social messaging app WeChat...
...The government plans to make the app available through Tencent’s WeChat, Ant Group’s Alipay app, and ByteDance’s Douyin....
...That gave private sector fintech Alipay, as well as its rival WeChat, the opportunity to develop its own digital payment rails....
...Chopra said he was wary of the payments landscape that has taken shape in China, where Alipay and WeChat Pay dominate with 2bn combined users....
...Tencent, the Chinese company that owns WeChat, said the decision was “unfortunate”....
...integrations are part of Uber’s continued efforts to create a so-called superapp, with a multitude of services on one platform, similar to a handful of services that have exploded in popularity in Asia, such as WeChat...
...“Airbnb China will consolidate and focus on the outbound tourism business,” he wrote in an open letter posted to the company’s WeChat account, adding that the company would maintain its Beijing office....
...Like China’s WeChat and Alipay in Asia, PayPal wants to create an ecosystem that bundles financial services with social media and commerce....
...There are good reasons why no US company has managed to replicate the success of China’s WeChat in building an all-in-one app....
...The company has been using its strong stock price, which grew more than 150 per cent since the low of March 2020, to fuel its acquisition strategy to become a super app such as China’s WeChat, which offers...
...The inspiration, as for so many would-be super apps from Uber to Facebook, is WeChat, China’s do-it-all app....
...Lu posted on his public WeChat account in May 2020: “My style may have been too aggressive and the company may have grown too fast, which led to many problems....
...acquisition comes as PayPal rolls out its broader strategy to become a “super app” — incorporating payments, cryptocurrency investments and savings — drawing inspiration from under-one-roof Chinese apps such as WeChat...
...But it may have a better chance of WeChat-style success in gaming, ecommerce and third party apps. Facebook has been trying to replicate WeChat’s varied revenue streams for years....
...Tencent, which also operates the popular WeChat messaging app and one of China’s largest online payment services, proposed the merger in October, just weeks before Xi’s administration blocked a $37bn initial...
...In 2019, a court in the south-west city of Chengdu ruled against ByteDance’s use of WeChat user content....
...The missive was shared on WeChat, the social media platform....
.... ©2021 Nikkei Inc....
...The deal will also give Tencent, which owns China’s dominant messaging app WeChat, a 3.6 per cent stake and Walmart a 0.9 per cent holding in the Japanese internet group founded by Hiroshi Mikitani....
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