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WeChat Impact Report 2016 – latest data about Chinese social media

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Re: WeChat Impact Report 2016 – latest data about Chinese social media

#21
post #4

It says 67% of users used WeChat to make payments of atleast 100RMB a month. That's a significant number! I guess WeChat makes a commission on that payment. Would that be the largest moneymaking feature of WeChat?

Is it really that weird? My wife uses weixin for normal things like buying lunch, paying for a taxi, buying veggies at the stand downstairs. It would add up to more than 100 rmb/ month, but then so would a UnionPay card, and Tencent is subsidizing the heck out of this right now to get adoption up.

QR is a lot less convenient than RF, ApplePay this is not.

Re: WeChat Impact Report 2016 – latest data about Chinese social media

#22

I've been in China for 5years now. Wechat payment is awesome and made my life way easier! I pay my rent/taxi/friends/errands/restaurants with wechat. It's faster to pay with it than cash or credit card. Almost every shop accept it. It also change my life when dealing money with people. Everyone can transfer money to each other, and people assume that everyone has it (what is 95% true in my social circle). I don't nee…

Wow. I don't think there's anything close to that in the U.S, maybe PayPal, but the red envelope thing is really novel. I don't even know how legal that would be in the U.S. The concept of giving money away randomly is just strange.
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