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Billion strong WeChat makes Tencent a national champion and a threat – The Wall Street Journal
Tencent’s ubiquitous WeChat app has more than a billion users.
JOHANNESBURG — Some businesses become too big too manage, while others grow into areas that lead too heightened government scrutiny. And according to the Wall Street Journal article below, it seems Tencent may be encountering the latter. The company's billion strong WeChat app is becoming a concern for Chinese authorities, as the technology powerhouse could be a threat to the Communist regime, accustomed to a tight handle on the country's communications. Something for Naspers shareholders to keep an eye on given the JSE-listed company's 31.2 percent stake in the internet giant. – Stuart Lowman
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