Transcript
TencentBeibin Li (LIBE)
QQ (1998) - Chatting Tool
2 Billion users, and
WeChat (2011)
Mobile AppText and voice messagingPeople Nearby + ShakeOther Features (Gaming, Wallet, Group)Totally Free & ADs Free !
$3.15 billion in profit in 2013
Brief History1998: Founded with Product: QQ2004: Published in HKSE2004: Online GamingAdded to Hang Seng Index Constituent Stock in 20082011: WeChat and Wallet
Hot, Hot: Mobile Games
Major Profit for Tencent (WeChat)
US $424 million last quarter 2014.
More than 20 GamesLogin requires WeChat / QQ
Interesting, Interesting
Last Week: Lunar New Year.Activity in WeChat:
Red Packet (Lucky Money)
What Happened in 3 Days?
Last Tuesday - Thursday
200 Million users participate & bond bank account to WeChat.
800 Million Lucky Packets were send6 Billion CNY ( = $ 1 Billion) send
Secret Sauce
Customer > Employee > Soceity > Profit
Utility Service (Water, Electricity, and Tencent)
Localization (diff Province -> diff Service)
Competitors
BaiduAlibababtw,..., (Chinese BAT)WhatsappSnapchatLine
Prediction
Success? Yes.
More Profit? Maybe.● Growth slows down.● Need more innovation!● Competition
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