![]() Ultimately though, trying to turn X into anything like WeChat is going to be a mammoth task, not least because the factors that has helped the Chinese app's success - whether its a mobile-first market in China or a more concentrated number of players in the internet space - are not present in the U.S. Then Musk could think about adding other tools like payments that he has already hinted at. ![]() That could be a starting point, to turn Twitter into more of a communication tool that keeps users hooked. He has dramatically increased the character limits for posts for people who subscribe to Twitter Blue, for example. These are just some of the challenges and that's without going into areas such as competition in advertising and who owns the data in the event X collaborates with other firms.īut also there is an opportunity for X in that Musk sees it more as a broader communication app rather than just short posts. That could make collaboration with other firms tough. Naturally, Musk's X will be a challenger to other social media companies like those under Meta's umbrella. In ride-hailing and food delivery, there is big competition. Payments in China are done with a quick response or QR code, which is different to the U.S. and Europe still rely heavily on debit and credit card systems of payment. Online payments, an area Musk wants to push into, are fragmented with no single company dominating the space. ![]() or Europe may be much more of a challenge. In parts of southeast Asia, ride-hailing firm Grab has expanded into financial services and food delivery, in the absence of a plethora of rivals.Ĭreating a super app in the U.S. These are stripped down versions of full apps but it means a user doesn't have to download dozens of other apps and can just use WeChat for nearly everything. Currently, WeChat limits the moment ads shown to users to three per day. The advertisement will automatically disappear on the users’ timeline if they don’t comment, like, or interact with the ad within 6 hours. Tencent is also one of the world's biggest online gaming companies and that has given it further content to put within WeChat.ĭevelopers can also create so-called "mini programs" within WeChat. Native Ads displayed on users’ Moments feed in a form similar to a friend’s post. This has allowed Tencent to integrate their services into WeChat. But the company has also invested in other major companies like e-commerce firm JD.com and and food delivery company Meituan. Tencent has managed to create an app this size because it runs its own payments and social media service. WeChat Pay is one of the two biggest mobile payments services in China, the other being Alipay which is run by Ant Group, an affiliate of Chinese e-commerce giant Alibaba. ![]() With WeChat it operates the biggest messaging service in the country. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
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