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Wechat ( Tecent )
Junhua Chen
Financial Information
$7742 Million Revenues in 2014
Founder of Tecent
Chinese Name: HuaTeng MaEnglish Name: Pony
1998 : Register for Tecent
2002: 100 Million users
2004: IPO in HongKong
2011: Wechat
The Origin of Tecent --QQ
• Chinese ICQ
• Beat ICQ and MSN
• For individual and commercial use
Wechat -- The Evolution of QQ
Revolutionary social media tool for 2 billion people
Text, Voice Message, Video Message
Entertainment & Trading
Sharing
Hot Game
Revenue in last season of 2014: 100million RMB per day!
What makes it special
Unique prediction of trend
-- (league of legends)
Creativity on its product
--(Wechat)
What’s so Interesting!
People Nearby!
• Face to face communication
• It also, lead to crimes!!!!
– (Fraud, Prostitute etc.)
Competitor
• Sina Weibo
• Line
• iMessage
• MoMo
And More?
• Facebook (Sharing ? )
• Taobao (Shopping ?)
Prediction
• Already successful
• Potential to growth : Doubtful
– Fewer and fewer own products