- Web WeChat, China's largest social network
- weChat Features
Web WeChat, China’s largest social network is owned by a South African company Naspers. Founded over a century ago in South Africa, the media, tech, and investment firm Naspers paid $32 million in 2001 for a major stake in a Chinese tech startup. .
That startup was Tencent (), Tencent, (and thus WeChat) is 34% owned by a South African media company called Naspers. Naspers was one of the very early investors in Tencent in 2001. This single investment of $32 million has grown in value to nearly $66 billion, making Naspers the most valuable company in Africa.
The investment has helped Naspers, which started as a small publishing house but now operates in over 120 countries, to compete with the likes of Amazon (), Facebook ( ) and Netflix ( ).
Web WeChat, China’s largest social network
WeChat is a Chinese multi-purpose messaging, social media, mobile payment app & China’s largest social network developed by Tencent. It was first released in 2011 and became one of the world’s largest standalone mobile apps in 2018, with over 1 billion monthly active users.
Web WeChat China’s largest social network, is a mobile text and voice messaging communication service developed by Tencent in China, first released in January 2011.
Web WeChat is one of the main ways people communicate in China. Even when doing business, people prefer WeChat to email. It’s even more prevalent because services like Facebook are blocked in China.
Web WeChat China’s largest social network, allows users to make face-to-face video calls by simply pressing “+” and selecting the “video call” icon under the chat window. This will use all your cell phone’s contacts.
This is also known as free Internet phone calling. Simply pick your contact from your phone’s contact list and start talking. You can also send text chats as well.
From major supermarkets to the smallest of street vendors and taxis, you can pay for things with WeChat almost anywhere in China.
As long as you have a Chinese bank account, you can link that to Web WeChat China’s largest social network.
Secondly, you could scan the barcode of the merchant you are buying items or services from, as seen in the picture below.
If you’re buying something online in China, there will be an option to purchase with WeChat Pay. You will need to put in a passcode or use a biometric authentication tool to authorize the transaction.
Instant money transfers to your WeChat contacts can also be made via the messaging function, which makes it easy to split bills or just move money around China. It is possible to be nearly cashless in China and actually go out for the day without a wallet.
The main rival to WeChat Pay is Alipay, owned by Alibaba affiliate Ant Financial.
Web WeChat China’s largest social network, comes with a standard QR Code reader, allowing the app to instantly work with QR codes and better integrate with the message, promotion or information that is attached to it. Many business cards in China use a QR code, which is then automatically scanned into your WeChat App.
Games and top-up
There are several other things you can do via WeChat including wealth management and topping up your mobile phone.
You can also play games within Web WeChat China’s largest social network. Games are extremely important for Tencent and accounted for around 32 percent of total revenue in the third quarter of 2018.