With more than 938 million users, We Chat, known as Weixin in China, already serves as a one-stop-shop for everything from reading news and booking taxis to ordering takeaways and making payments.Half the users spend more than 90 minutes a day on its chat app, according to We Chat.It's the Internet's equivalent of mailing postcards rather than plastering a billboard. 1 this month on the Billboard 200 sales chart, could have shared on Twitter that her most embarrassing moment on stage was losing a shoe.The 21-year-old instead revealed the tidbit during a half-hour live text chat on Line, a smartphone app built for close friends to exchange instant messages.It’s rare to meet a Chinese adult under 35 almost anywhere in China who doesn’t have a QQ account. In the long term, probably yes, but it will surely take time as QQ is still immensely popular across rural and less developed parts of China.
Tencent is the company which created We Chat and is one of the largest Internet companies in the world. Tencent, (and thus We Chat) is 34% owned by a South African media company called Naspers.Naspers was one of the very early investors into Tencent in 2001.This single investment of million has grown in value to nearly billion, making Naspers the most valuable company in Africa.When you open We Chat, you might have noticed that the picture of the globe doesn’t feature either America, Europe or China as would usually be expected.Instead Africa, in particular South Africa, seems to take pride of place. QQ: Bigger than We Chat Tencent’s flagship service isn’t actually We Chat.