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Tag: Valuation of Tencent’s WeChat and WeChat Pay

Tencent 900B WeChat 259BStreetJournal
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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...