The mobile internet industry in China witnessed two major breakthroughs in January 2013. One is that Mobile QQ exceeded 100 million users; the other one is that Wechat crossed 300 million user mark.
Tencent built an empire atop of QQ, expanded from the instant messaging desktop client to other areas like QZone, portal site, video site as well as ecommerce service. None of these would exist without QQ laying down the groundwork in the first place.
QQ is one of the most successful desktop software in Chinese internet market, and Mobile QQ is its mobile equivalent and nature extension on mobile end. However, the creation of Wechat genuinely adapts to the trend of mobile internet, which enabled its wild adoption and rapid growth. Neither Wechat nor mobile QQ will substitute the other one like many are suspected or hoped, since the two have their own trump cards.
The core differentiation between Mobile QQ and Wechat lies in their different positioning in the market.
And if we look further into overseas market, QQ might be less appealing to foreign users, but WeChat already made substantially gains in overseas market. It has the potential to be successful outside of China.
In terms of monetization, mobile QQ and WeChat also had their own strong suits due to their different intrinsic nature. Mobile QQ for the sake of its youthful positioning could launch services like mobile gaming and entertaining apps based on its premise to cash in, while WeChat could explore the potential of mobile payment, lbs service and mobile commerce. It just not necessarily either Wechat or mobile QQ, they can certainly coexist for the greater benefits of Tencent.
Image credit: WeChat