General

WeChat Executives Concerned About Potential Exit of Head

Author : NewsGram Desk

As daily users of China-based messaging platform WeChat exceed one billion, its key executives have raised concerns amid rising competition and rumours of potential exit of its head Allen Zhang, the media has reported.

The London Business School had conducted interviews with WeChat for a business case study during which the company executives raised the concerns.

"As WeChat surpasses one billion users and plays host to more than one million mini-apps on its ecosystem, operations have finally become too big for him to oversee everything.

"How to stay agile and nimble in a rapidly changing social media landscape with a top-down approach for a 2,000-strong team, and what happens to strategy should Zhang one day leave or step back, were among the top issues on the minds of WeChat executives as the app enjoys its perch as China's most dominant super-app," the South China Morning Post reported late on Friday.

The extremely competitive social media landscape was also among the top issues on the minds of WeChat executives.

FILE – A WeChat logo is displayed on a mobile phone as a woman walks past, July 21, 2016. VOA

"I admit I am very dictatorial," Zhang, 49, told the London Business School for its case study, the report added.

WeChat was launched as a messaging tool in 2011. It has grown from a voice messaging platform into a truly ubiquitous app experience in China.

The platform now lets users pay bills, order meals, read news, and play games.

Owned by parent company Tencent Holdings, the WeChat app has over 900 million monthly active users. (IANS)

Subscribe to our channels on YouTube and WhatsApp

Download our app on Play Store

Parliament Monsoon Session LIVE: AITC MP Abhishek Banerjee Supports Anti-Paper Leak Bill But Demands Accountability from the Govt

Spider-Man: Brand New Day Reminder: Things To Know About The New Spider-Man Movie Before Entering The Cinemas

When Urfi Javed Said She Would Never Marry a Muslim Man and Why She Does Not Believe in Islam

New DOJ Files Reveal Belarusian Dentist Karyna Shuliak as Primary Beneficiary of Jeffrey Epstein's $100 Million Estate

Why Gold Lending Is Becoming a Primary Vehicle for Financial Inclusion