![]() Each Bloomberg Billionaire profile contains a detailed analysis of how that person’s fortune is tallied. The index is a daily ranking of the world’s richest people. Zhang, who is the company’s chief technology officer, has a net worth of $6.6 billion, according to the Bloomberg Billionaires Index. Its first product was instant-messaging software similar to AOL’s ICQ chat service. Ma, whose English name is Pony, co-founded Tencent with a Shenzhen University classmate, Zhang Zhidong, in November 1998. His first job was developing software for pagers at China Motion Telecom Development, a supplier of telecommunications services and products in Shenzhen. In 1993, Ma graduated from Shenzhen University, where he studied computer science. His father, Ma Chenshu, moved the family to Hainan, an island off the south coast, and later to Shenzhen, near Hong Kong, where he got a job as a port manager. Ma Huateng was born in Shantou, a city in the southern province of Guangdong, in 1971. Shares of Tencent have leaped 6,000% since its IPO. He controls the Shenzhen- based company through Advanced Data Services, a British Virgin Islands investment entity. The majority of Ma Huateng’s wealth is derived from his more than 10% stake in Tencent. Alibaba’s Jack Ma, who founded the world’s largest Internet marketplace, is worth $3.7 billion. Baidu chairman Robin Li became the nation’s wealthiest individual earlier this month with a fortune of $12.4 billion. ![]() That’s greater than the population of any other country except India.īaidu and Alibaba also are led by billionaires. for China’s 591 million mobile Internet users. ![]() Tencent hired soccer superstar Lionel Messi to promote WeChat as it pursues new revenue streams, including charging for emoticons, to compete with Alibaba Group Holding Ltd and search engine Baidu Inc. “We believe Tencent is well-positioned among the top mobile Internet entries via Weixin, beckoning a global Internet trend," You said. Tencent is counting on WeChat, which targets more upscale users than QQ, for its global expansion. Tencent’s QQ instant-messaging service had 818 million monthly active users at the end of June, and WeChat had 236 million, almost twice the population of Japan. The brokerage initiated coverage of Tencent on 18 November with a buy rating. WeChat has 3.5 million mini programs on its platform, which transacted 2.“We view Tencent has the makings of a great long stock and expect significant growth from its mobile Internet business," said You Na, a Hong Kong-based analyst at ICBC International.In Q1 2022, WeChat had 1.26 billion active users.Tencent’s social network revenue was $17.4 billion in 2021, which accounts for 19% of the company’s total revenue.We have collected data and statistics on WeChat. It is popular in Hong Kong and some South-east Asian territories, but has failed to interest Western audiences. Tencent has attempted to launch WeChat outside of China, but most of these attempts have failed. WeChat Pay, which was built using the framework of Tenpay, has over 900 million users and has supplanted AliPay as the most popular payment service in the country. WeChat is the only app in China to have over one billion active users and is one of only five apps in the world which have surpassed that milestone. It has become one of the largest investors in China, second only to Sequoia China, and alongside hundreds of stakes in Chinese startups it also has shares in Snapchat, Fortnite and Tesla Motors. Tencent takes a small slice of revenue from each of these mini programs, and also provides the payments platform.Īs the platform operator, Tencent is able to see which programs are the most popular. ![]() Some of the most popular applications in China, including Pinduoduo, JD.com, DiDi and Meituan, all have mini programs on WeChat. Join us on April 27th to learn how to use in-app notifications across the customer lifecycle to drive retention, revenue, and referrals. SMS is expensive, inflexible, and difficult to measure beyond open rates. Conversion beyond clicks: how to replace SMS with in-app notifications
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