Facebook may be looking to replicate a major feature from one of China's top apps

Facebook is reportedly pushing into payments on WhatsApp, a move analysts said is aimed at replicating the success of WeChat in China. Tencent-owned WeChat is China’s most popular messaging app and has a mobile payments feature known as WeChat Pay. Analysts said the difference between China and other markets for payments could make it difficult…

Read more »

Tencent says it will not scale back on investments this year

China’s Tencent Holdings will not scale back on investments this year after a record high of 16 companies it invested in launched IPOs last year, President Martin Lau said at a closed-door investor conference in Beijing. Tencent invested in more than 700 companies in the past 11 years, Lau said, and 63 of those are…

Read more »

The biggest trend in Chinese social media is dying, and another has already taken its place

Live-streaming has been a dominant trend in Chinese social media, fueling fortunes and stardom. Users are now, however, increasingly migrating away from such platforms. Instead, short videos — typically lasting between 15 seconds to a few minutes — are becoming one of the main methods of communication. Douyin, one of the most popular Chinese short…

Read more »