3 ms·
This is true, but it's also true that there aren't as many apps competing with Wechat in different niches in China. Wechat won, the way Facebook won in America,
by inimino 10y ago
This is true, but it's also true that there aren't as many apps competing with Wechat in different niches in China. Wechat won, the way Facebook won in America, but moreso. Imagine if Snapchat, Facebook, and something like Apple Pay or PayPal were all a single company.
- rxin 10y agoThere were tons of competition for wechat, but wechat crushed them due to a combination of superior product and stronger platform (with QQ to start with). As a matter of fact, usually startups in China (or large companies pushing for a new product) execute very aggressively, due to the sheer number of competitions doing almost identical things. A few years ago there were 5000+ Groupon-like startups, and that was a strong filter for the companies with a strong execution force.
- inimino 10y agoYes. To clarify, I'm not saying there wasn't competition. Rather that the functionality covered by the winner is just much greater.