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WeChat mini programs are becoming a lot more important for Tencent

WeChat users spent US$115 billion through mini programs in 2019

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WeChat says that the number of its international and domestic users reached 1.15 billion last year. (Picture: Shutterstock)
Masha Borak
This article originally appeared on ABACUS

WeChat is already China’s most popular social platform, but Tencent seems eager to make even more money from its ubiquitous app. It plans to achieve this with a not-so-secret weapon: Mini programs.

Mini Programs: The apps inside apps that make WeChat so powerful

At the 2020 WeChat Open Class Pro event in Guangzhou on Thursday, Tencent announced that its users spent 800 billion yuan (US$115 billion) through its various mini programs in 2019, a 160% increase from the previous year.

WeChat says that the number of its international and domestic users reached 1.15 billion last year. (Picture: Shutterstock)
WeChat says that the number of its international and domestic users reached 1.15 billion last year. (Picture: Shutterstock)
Now Tencent is looking at ramping things up. The company said that in 2020, it will focus even more on adding merchants and services to mini programs, giving them new capabilities like live streaming. In September, the company said it would enable sellers to sell products through live streaming within WeChat. That puts it in direct competition with the likes of Alibaba’s Taobao, which has built its own ecommerce live streaming kingdom.
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