Facebook’s Vision of Future? Sounds like Chinese App WeChat

Business Insider’s Shona Ghosh writes, Facebook CEO, Mark Zuckerberg, has laid out a vision of how Facebook services will dominate the way people live online. This social media site is heading in a new direction by focusing on messaging. Chinese tech giant Tencent got this position years ago with its app WeChat, serving a lot of functions from messaging, social networking, and e-commerce to tax-hailing, bike sharing and travel booking.

Zuckerberg painted his vision to make people able to communicate privately, by combining together Facebook’s various services so users can contact each other across all the apps.

That looks like WeChat, which has become necessary thing for daily life in China. WeChat, known in China as Weixin, stiches different functions and services that in the West are done by a lot of separate companies, like Facebook and its Messenger, Instagram and WhatsApp joined hands with PayPal and Uber by sharing services.

Mobile Money:

WeChat has become unavoidable part of life for people in China by introducing its digital wallet, WeChat Pay. By linking a credit card or bank account, users can pay for anything they want: movie tickets, food delivery orders, and subway and bus tickets.

You can share restaurant bills with your friends, pay electricity bills, donate to charities and store digital coupons. Instead of pulling out cash or payment card, “Quick Pay” function allows you to scan a matrix barcode to pay. Moreover you can hail a ride from Didi Chuxing, China’s equivalent of Uber and Careem.

And giving it Chines touch, WeChat users can send their love ones virtual “hong bao” or “red packets”, money that is gifted in red packets during the Lunar New Year holiday.

Social:

This app provides facility of group chat where users can discuss topics like technology, social issues, sports, celebrities, breaking news, investment ideas and beyond. Users can share their photos and write posts by scrolling WeChat Moments.

If Zuckerberg follows the model of WeChat, it is going to get more user data, not less. Because of how many services Chines tech companies offer to their customers, they have widely detailed profile of its users, which they use to monetize, often directly in the app.

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