Facebook and Snapchat turn to Chinese giants for growth tips

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

20190417 WeChat

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.

ALEX FANG, Nikkei staff writer

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.

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