Facebook is close to being dethroned as the world's number one social network (unfortunately not by Livewire). China's Tencent is on its way to number one according to data compiled by Bloomberg, JP Morgan and Credit Suisse. Tencent also owns fast growing mobile messaging app WeChat, which has over 200 million users, up three times from 2012 year-ending levels of around 85 million. WeChat app users can shake their smartphone and find other users anywhere in the world who are shaking their phones at the same moment. (VIEW LINK)



Chris Titley

wow - the old shake ... urbanspoon used to have that function years ago!

James Marlay

The Chinese social media market is a whole new world. They have. Three mainstream Facebook/twitter equivalents.

Tom McKay

China has just lifted the ban on Facebook but only for people in Shanghai. Will be interesting to see the takeup. I'm guessing due to the exclusivity and desire for Chinese to understand what's going on in the rest of the world it will be good. http://www.dailymail.co.uk/sciencetech/article-2431861/Ch...