The latest index, published in June of this year, showed WeChat’s growth over rival social media networks, such as Facebook, Instagram, Twitter and WhatsApp, the latter which had “only” a growth rate of 122%. In India, WeChat grew by a whopping 1,774 percent, and Indonesia was not far behind with 1,094 percent. Their success seems to be in large part due to their will – and ability – to “do everything.” All platforms, 19 languages, incredibly cool, integrated features – and free. Deep and creative integration of the app with other money-making services and spectacular growth in international users after tremendous success in China.
WeChat started off as a messaging service, similar to what is probably its closest competitor, WhatsApp, but it has grown  into so much more.
But can a Chinese company, with a relatively young OTT offering, really challenge and change the definition of mobile services?
Where telecom then Internet giants have largely controlled access and experience, social messaging services are taking over as alternative distribution channel for advertising, applications, and the provisioning and distribution of goods and services.
WeChat allows its users to book taxis, top-off “phone” credits, bank, invest, buy cosmetics, groceries and local services. At the heart of the battle is how to make money from the world’s billions of mobile phone users.
This week at Futurecom, GENBAND is meeting up with thought leaders from around the hot, high growth Latin American market, as the “Spring Season” starts south of the equator.

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More growth in Asia showed Malaysia growing by 1,332 percent, and an incredible 2,820 percent increase among active users in Philippines. Of course the answer is no – as creative and cost-efficient mobile web (“Over-the-Top”) applications catch fire throughout the developed and developing world. China’s hotter-than-ever Internet services and  real time communications powerhouse, Tencent, whose profits soared as reported during the last earnings season this year.
They are “aggressively” pouring their cash into new in-house and third party applications, videos, new services and mobile RTC capabiltiies.
For example, Tencent has integrated online-payment functions into the app, so customers can pay, bank and manage their accounts. The phenomenon of social applications as distribution channels was one reason behind Japanese billionaire Hiroshi Mikitani’s acquisition Viber for $900 million.

No doubt there will be lots of discussion and collaboration around these substantial trends, including the stunning success of WeChat – and how their innovation will inspire – if not force – change as the very idea of mobile communications is being redefined – globally.
By clicking Confirm bid you commit to buy this item from the seller if you are the winning bidder. Import charges previously quoted are subject to change if you increase you maximum bid amount. If you reside in an EU member state besides UK, import VAT on this purchase is not recoverable. Xiaomi, for example (a Chinese smartphone company) sold 150,000 new model phones in under ten minutes, according to some reports. You’ll be rappelling down buildings, planning raids on stores and parachuting off cliffs. From those early days of The Hobbit (say to Thorin “Carry me please”) she graduated to Lucasarts adventures and western C-RPGs. Eventually she found first-person shooters, Japanese RPGs and survival games and is now a fully-rounded gamer.

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