Beijing (March 06, 2018): Social media application WeChat’s worldwide users have crossed the one billion mark, according to the chief executive of its parent company Tencent.
The all-in-one app is a daily necessity for most Chinese, bringing together messaging, social media, mobile payment, games, news and other services.
It compares with 2.1 billion monthly active users on Facebook and 1.5 billion on its messaging app WhatsApp.
The popularity of WeChat – and profits from its addictive mobile games – have pushed Tencent’s earnings and share price sharply upwards.
The company surpassed Facebook in market value last year and the 47-year-old Ma has rocketed to near the apex of China’s rich list.
He is the wealthiest delegate to the parliamentary session, according to Shanghai-based luxury magazine publisher Hurun Report, which estimated his fortune at $47 billion.
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