Westore on the Wechat platform is one of Tencent’s latest efforts to build up its e-commerce product lines as it takes aim at rivals including Alibaba.
The Covid-19 pandemic accelerated consumer adoption of e-commerce on WeChat and powered growth, as confined shoppers spent more time browsing on the app.
WeChat rolled out a new update that allows users to find and move around its download-free mini-programs more easily.
Tencent released it’s Q1 2018 financial earning ending on 31 March 2018. Here are some highlights: 65% rise in net income to RMB 23.97 billion, and 48% rise in revenues to RMB 73.53 billion, both powered by games, ads, and cloud service WeChat MAU grow 10.9% YoY to 1.04 billion Gaming remains the engine of the company, RMB 21.7 billion …
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As competition tightens, China’s tech behemoths are raising their ecosystem walls.