Slide 5
Slide 5 text
WeChat is much more than a social media platform for China —
messaging is just one aspect of what it does. It is used to book
flights and hotels, facilitate payments, and it acts as a gaming
platform. It is PayPal, WhatsApp, Amazon, Expedia, and
PlayStation rolled into one portal and averages 1.2 billion
monthly users. American businesses in China such as
Starbucks, McDonalds, and Nike depend heavily on its payment
platform to conduct their China-related business.