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.
Check this interesting article by LinkedIn:
http://www.linkedin.com/today/post/article/20131104184701-13518874-who-has-1bn-users-is-about-to-overtake-facebook
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.
Check this interesting article by LinkedIn:
http://www.linkedin.com/today/post/article/20131104184701-13518874-who-has-1bn-users-is-about-to-overtake-facebook
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