Facebook Shift Nods to Chinese Super-app WeChat
March 08 2019 - 4:43AM
Dow Jones News
By WSJ City
Facebook's latest shift toward private messaging, payments and
e-commerce echoes the footsteps of WeChat, China's social
networking super app that many Chinese find indispensable.
KEY FACTS
--- Facebook plans to offer encrypted messaging across all of
its major products.
--- It will allow people to make private conversations
ephemeral.
--- Developed by Tencent, WeChat has evolved from a simple
messaging service.
--- Users can shop, pay, buy movie tickets and make doctor's
appointments without leaving the platform.
--- WeChat counts over one billion users.
Why This Matters
The path to a super-app wouldn't be as smooth for Facebook as it
was for WeChat, which was sheltered from competition in a market
hungry for its services, and doesn't provide the level of privacy
that many users of a Facebook app would likely demand.But for wired
Chinese--and tech-sector analysts--the reason for Facebook's shift
is easy to understand. Facebook is "very aware of how Tencent has
been able to integrate messaging and payment and e-commerce and all
of these mini-apps into one platform," said Ben Cavender, a senior
analyst at China Market Research Group.
A fuller story is available on WSJ.com
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(END) Dow Jones Newswires
March 08, 2019 04:28 ET (09:28 GMT)
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