Subscribers

WeChat has 'no plans' to monetise yet

As WeChat spreads its wings internationally, the company is far more concerned with staking its claim on users for now, reports VICTORIA HO

THE biggest Chinese chat app has no plans to make money for the next few years as it tussles with other competitors in a landgrab for users, according to Poshu Yeung, Tencent's vice-president of its international business group.

Tencent owns WeChat, a popular mobile messaging app that has the lion's share of the Chinese market, with 355 million monthly active users.

And it's growing fast. It had 272 million users in the third quarter of last year.

Stacked against global leader WhatsApp, the younger entrant onto the scene isn't too far away. WhatsApp was launched in 2009, and at last count, had a base of 450 million monthly active users, with a million new users signing up per day.

WeChat was launched...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes