2018-03-05 14:28:52 BdST
WeChat hits 1 billion milestone
WeChat hit the milestone of 1 billion monthly active users during the Lunar New Year in February, Tencent CEO Pony Ma Huateng said at a Two Sessions media briefing on Monday, South China Morning Post reports.
The user numbers are up from 980 million in the third quarter of 2017, as reported in Tencent’s third quarter results.
More than 688 million WeChat users sent or received digital versions of “hongbao”, a Chinese tradition of giving money in red envelopes during the new year holiday season, pushing the monthly active users of WeChat hongbao to 800 million, Ma revealed on Saturday, as reported by Chinese tech media 36Kr.
WeChat, known as Weixin in China, is the country’s dominant messaging app, while it also serves as an all-in-one platform for social networking, mobile payments, car hailing, food delivery and more.
Facebook, the world’s largest social media platform, recorded 2.13 billion monthly active users at the end of 2017, according to its fourth quarter earnings released in January, with the 2 billion mark passed in July 2017.
WhatsApp, the messaging app owned by Facebook, reported 1.5 billion monthly active users as of fourth quarter last year.
Two Sessions refers to the annual parliamentary meetings held by China’s top leadership.
Unauthorized use or reproduction of The Finance Today content for commercial purposes is strictly prohibited.