WeChat

WeChat will soon have its own input method, not to capture the input method market, but to protect user privacy, Allen Zhang, "father of WeChat," said at the 2021 WeChat Open Class PRO event on January 19.

WeChat is the most popular chat app in China with 1.21 billion monthly active users.

WeChat, Taobao, QQ, Alipay, Douyin, Pinduoduo, Baidu, Weibo, QQ Browser and Kuaishou were the top 10 most-used apps in China in October, according to data released Friday by research firm Trustdata.

Tencent generated revenue of RMB 125.45 billion in the third quarter, higher than market estimates of RMB 123.83 billion, the company reported today.

WeChat, Alipay and the central bank digital RMB are not in the same dimension and they do not compete, said Mu Changchun, director of the People's Bank of China's Digital Currency Institute, at the forum of the second Bund Financial Summit in Shanghai.

WeChat for Windows version 3.0.0 has now been updated to add address book management and support for mini-program desktop fixes.

The US government is exploring restrictions on Ant Group as well as Tencent over concerns that their digital payment platforms threaten US national security, Bloomberg reported on Wednesday citing people familiar with the matter.

In recent years, with the rise of mobile payments such as WeChat and Alipay, the use of ATMs in China is gradually decreasing. In the first half of the year, the number of ATMs nationwide decreased by more than 40,000, according to the latest payment system report from China's central bank.

US energy giant Chevron on Tuesday asked its employees around the world to remove WeChat from their work phones, making it one of the first US companies to respond to Trump's executive ban.

Existing WeChat users in the US may be able to continue to communicate using the WeChat app, but the WeChat app may not be able to acquire new users in the US due to the ban, Tencent said in an announcement filed with the Hong Kong Stock Exchange.