The WeChat Growth Fund intends to invest in start-up companies that leverage the power of WeChat Ecosystem and “Internet Plus” strategy. Those companies must have the potential to become a world leader in the choose markets.
THE INTRODUCTION OF WECHAT
WeChat was originally developed as a mobile text/voice/video messaging communication service by Tencent in China. Other functions such as WeChat Official Account, WeChat Payment, e-Commerce, WeChat CRM, O2O (Online to Offline), and Smart Services were added in the last couple of years. WeChat has becoming a major e-business platform and millions of applications have been developed based on WeChat API. As of December 2015, WeChat has over a billion created accounts, 650 million active users; with 70 million outside of China.