WeChat report

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Text of WeChat report

  • TencentBeibin Li (LIBE)

  • QQ (1998) - Chatting Tool

    2 Billion users, and

  • WeChat (2011)

    Mobile AppText and voice messagingPeople Nearby + ShakeOther Features (Gaming, Wallet, Group)Totally Free & ADs Free !

  • $3.15 billion in profit in 2013

  • Brief History1998: Founded with Product: QQ2004: Published in HKSE2004: Online GamingAdded to Hang Seng Index Constituent Stock in 20082011: WeChat and Wallet

  • Hot, Hot: Mobile Games

    Major Profit for Tencent (WeChat)

    US $424 million last quarter 2014.

  • More than 20 GamesLogin requires WeChat / QQ

  • Interesting, Interesting

    Last Week: Lunar New Year.Activity in WeChat:

    Red Packet (Lucky Money)

  • What Happened in 3 Days?

    Last Tuesday - Thursday

    200 Million users participate & bond bank account to WeChat.

    800 Million Lucky Packets were send6 Billion CNY ( = $ 1 Billion) send

  • Secret Sauce

    Customer > Employee > Soceity > Profit

    Utility Service (Water, Electricity, and Tencent)

    Localization (diff Province -> diff Service)

  • Competitors

    BaiduAlibababtw,..., (Chinese BAT)WhatsappSnapchatLine

  • Prediction

    Success? Yes.

    More Profit? Maybe. Growth slows down. Need more innovation! Competition