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What? The U.S. failed to create competing social apps? You realize the only reason WeChat exists is because China didn't let western companies compete, right?
by rrrrrrrrrrrryan 6y ago
What? The U.S. failed to create competing social apps?
You realize the only reason WeChat exists is because China didn't let western companies compete, right?
- kelnos 6y agoI wouldn't say it's the only reason. WeChat is more than just a chat app; it's also a social networking and payments app. For digital payments, at least, the US is far, far behind the ease of use and merchant buy-in that apps like WeChat offer. I know people in China and other Asian countries who rarely pull out cash or even a credit/bank card, and handle nearly all of their payments through apps. Think of it like Venmo, but all merchants accept it directly, and you can complete transactions in the middle of a chat session (with a merchant or a regular person) without having to switch to another payment-dedicated UX.
- AlchemistCamp 6y ago> You realize the only reason WeChat exists is because China didn't let western companies compete, right? I think blocking LINE was a bigger factor. For a time it was growing rapidly in China and it ultimately won in Japan and a couple of other Asian markets.
- trasz 6y agoYou realize that the only reason for US threats toward WeChat is because it's taking the market share from US companies, right?