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Definition: WeChat


China's leading messaging and social media app from Tencent Holdings Ltd. Launched in 2011, WeChat is a very versatile app with more than a billion active users. It features add-on apps ("mini programs"), games, video chat, a social feed like Facebook as well as photo sharing. Users can also access any Web app within the WeChat browser, and they can order merchandise, transfer money and pay bills electronically or in stores that accept WeChat payments. As of 2020, China has become a near cashless society in its large cities with Tencent's WeChat and Alibaba's Alipay, the two competing mobile payment platforms. See Alipay and text messaging.