Importance of WeChat and Tencent for the business of American companies in China 2020
Partnerships with Tencent and using WeChat - the most popular app in China - have become quite common among American companies in China. According to a survey conducted in late August 2020, about 88 percent of the surveyed American corporates said that they had been using WeChat Work for internal communication in China. The same survey found out that less than seven percent of the companies stated that they could find another app to replace WeChat easily without any impact on their operations and revenue in the country.