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China tech

Facebook and Snapchat turn to Chinese giants for growth tips

US social media experiment games and payment, straight from Tencent's playbook

Tencent's messaging platform WeChat offers services from ride hailing to wealth management to its more than 1 billion daily active users. Photo by Alex Fang.

NEW YORK -- From Facebook to Snapchat, U.S. social media giants are starting to borrow from Tencent Holdings' playbook, rolling out one after another update reminiscent of the Shenzhen-based company's flagship product, WeChat.

WeChat, the messaging app boasting over 1 billion daily active users, is often known as the original "super app" -- a mobile platform offering myriad features, from ride hailing to wealth management, which users can access without having to leave the app.

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