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Who Has 1 Billion Users and Is About To Overtake Facebook?

Discussion in 'FaceBook' started by The Scarlet Pimp, Nov 5, 2013.

  1. The Scarlet Pimp

    The Scarlet Pimp Jr. VIP Jr. VIP Premium Member

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    it might be a good idea to be ready for this new contender. especially with all the problems that fb is having.

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    It's not Twitter, Google+ or LinkedIn. It's a company that most people in the West don't know. That, however, is set to change, with the explosive growth of China's Tencent and its mobile messaging app WeChat...

    Last week, Facebook, the current king of social networks, admitted that it's losing teen users, and that the overall growth in its monthly active users has slowed to 18% year-on-year.

    This isn't helped by the fact that it and other Western social networks are banned in China.
    By contrast, Tencent recently announced that WeChat's users have almost tripled from the 85 million of the year before.

    And Tencent's reach - unlike local Twitter-equivalent Sina Weibo and Facebook-equivalent RenRen - is not just restricted to China. WeChat was rebranded from the more Chinese-sounding Weixin to appeal to an international audience, and it's now virally coming across here.

    In just four months between May and September 2013, its overseas users have doubled from 50m to 100m.

    So, in an increasingly crowded mobile messaging, what is Tencent and WeChat doing right?

    First, it has managed to differentiate its product with some killer features that keep users coming back for more. On the messaging side, users can "hold-to-talk" and send free walkie-talkie style messages that bypass the need for voicemail.

    Yet what keeps its network growing are fun discovery features that can connect users locally and across continents.

    WeChat has neatly fused together the open approach of social networks such as Twitter, where anyone can follow anybody, and more closed networks such as Facebook, which rely on mutual friend connections. It's growing virally through social connection and not just social media.

    http://www.linkedin.com/today/post/...o-has-1bn-users-is-about-to-overtake-facebook
     
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  2. Peter Ngo

    Peter Ngo Jr. VIP Jr. VIP

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    competitor of Facebook?

    why not competitor of Google? :(
     
  3. PrinceVisi

    PrinceVisi Elite Member

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    I wouldn't change facebook and adwords for advertising purposes though.

    They offer the best options so far.
     
  4. mozoak

    mozoak BANNED BANNED Jr. VIP Premium Member

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    Most of its growth outside China, can be attributed to its popularity in India. The company is aggressively promoting itself here and has definitely succeeded. If you are looking for a "monetizable" FB alternative, wechat has still some way to go because it is still not popular enough outside Asia - not yet.
     
  5. The Scarlet Pimp

    The Scarlet Pimp Jr. VIP Jr. VIP Premium Member

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    the time to get in is when it is starting out. like with google or bitcoins.
     
  6. Debugger

    Debugger Junior Member

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    Yes wechat ..is like viral thing in india.
     
  7. sashablack

    sashablack Elite Member

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    very nice, time to monitize this thing :)
     
  8. edgematch

    edgematch Elite Member

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  9. elviswong

    elviswong Senior Member Premium Member

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  10. AlexGeorge

    AlexGeorge Registered Member

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    Facebook will still dominate for the next few years, even WeChat won't be able to compete. WeChat is also only for mobile, Facebook is for both mobile and computer which makes it appealing. I don't think WeChat would be very easy to monetize on, I'll stick to Facebook for just now.