WeChat (Chinese: 微信; pinyin: Wēixìn; literally: “micro-message”) is a Chinese multi-purpose messaging, social media and mobile payment app developed by Tencent. It was first released in 2011, and by 2018 it was one of the world’s largest standalone mobile apps by monthly active users, with over 1 billion monthly active users (902 million daily active users). It has been called China’s “app for everything” and a “super app” because of its wide range of functions and platforms. In addition to China, it is also the most popular messaging app in Bhutan.
In the 2018 Berkshire Hathaway annual shareholders meeting, Charlie Munger identified WeChat as one of the few potential, though currently small competitors, to Visa, MasterCard and American Express.
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