Following the announcement from President Cyril Ramaphosa on Sunday night, South Africans have reacted to the renewed and immediate ban on alcohol with #AlcoholHasFallen….
Echoing the thoughts of Tencent founder and CEO Pony Ma, Lau believes that mobile internet growth has given a chance for Chinese and Asian technology companies to put themselves onto the global stage. That also includes WeChat competitors, such as NHN Japan’s Line and Korean-made KakaoTalk which has 120-million and over 70-million worldwide users, respectively. Lau also claims that WeChat has topped the app store in Malaysia, the Philippines, and Indonesia. For Malaysia and Indonesia, Lau said that WeChat has become the favorite smartphone application in the country.
Including China, WeChat has over 300-million users in total and has dedicated offices across the world, including Indonesia (a joint venture with MNC), the US and Thailand (via Sanook) to grow its user-base. Last year, Tencent generated US$7-billion in revenue with an operating profit of US$2.46-billion.