Tencent 900B WeChat 259BStreetJournal
Tencent, the Chinese tech giant, has recently announced that its WeChat messaging app has reached a valuation of 900 billion Chinese Yuan (CNY) and its mobile payment platform, WeChat Pay, has reached a valuation of 259 billion CNY. These valuations are based on the latest financial report from Tencent and other industry estimates.
What is Tencent?
Tencent is a Chinese internet company headquartered in Shenzhen, Guangdong, China. It is one of the world’s largest tech companies by market capitalization and is a major player in the global gaming market, online video, and other digital media. Tencent owns a number of popular digital products, including WeChat and QQ, two of the world’s most popular messaging apps.
What is WeChat?
WeChat is a messaging and social media app developed by Ten...