WeChat, The King Of Chinese Social Media

WeChat (Chinese: 微信; pinyin: Wēixìn; literally: “micro-message”) is a Chinese multi-purpose messaging, social media and mobile payment app developed by Tencent. It was first released in 2011, and by 2018 it was one of the world’s largest standalone mobile apps by monthly active users, with over 1 billion monthly active users (902 million daily active users). Described as one of the world’s most powerful apps by Forbes, it is also known as China’s “app for everything” and a “super app” because of its wide range of functions and platforms.

In the 2018 Berkshire Hathaway annual shareholders meeting, Charlie Munger identified WeChat as one of the few potential competitors to Visa, Mastercard and American Express.

In November 2018, the Tencent-run messenger unveiled a partnership with Japan’s Line chat app on mobile payments. The tie-up allows Japanese brick-and-mortar merchants with a Line Pay terminal to process WeChat Pay transactions directly.

As a social media app, WeChat is also known as the most viewed news platform from social ends. It allows individuals and businesses to meet and share information and hottest news on its “Moments(朋友圈)”board (similar to Twitter). Now let’s have a look at the top 10 hottest news posted on WeChat in 2018.

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1 Tiktok Leads The Rising Of Video Sharing Apps

You may not have heard of it, but TikTok became one of 2018’s most downloaded mobile apps for Apple and Android devices in the US and Europe, unseating the likes of YouTube, Instagram, and Snapchat. TikTok has already been downloaded more than 80 million times in the US, logging 4m downloads from the App Store in October 2018 alone. It is also one of the most popular apps on Google Play.

TikTok is a video sharing platform with a twist. Videos can be no longer than 15 seconds and they are based on various themes: music, cooking, travel, dance, fashion, etc. Users create these short videos, use simple tools to add music and special effects, and share them on the site. TikTok comes from China, known locally as Douyin, which was launched in 2016 by ByteDance, a Beijing-based tech company.

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2 The Chinese Uber —- Didi Amid Public Anger After Two Female Passenger Murdered In Three Months

Last year, the reported rape and murder of a Didi Chuxing passenger — the second such incident in three months — has left China’s largest ride-hailing app reeling amid public anger. Didi has fired two executives and once again suspended Hitch, its carpooling service, but many are saying these actions are too little, too late.

The company may have larger issues with its identity verification system. Didi has 21 million registered drivers, of which 2.6 million earn on average more than 170 RMB ($25) per day, according to Sina. Drivers who don’t have the necessary paperwork — who have expired licenses or the improper license plate, for instance — can just buy it from some third-party sources.

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3 US Proposes Ban On Huawei & ZTE, Huawei CFO Meng Arrested In Canada

The ZTE and Huawei incidents have provoked strong reactions on Chinese social media. While most netizens were previously highly critical of ZTE’s ignorance, their attitude has taken a turn in light of the recent Huawei incident. Many have called for a switch from purchasing iPhones to Huawei’s smart phones. Huawei President Ren Zhengfei recently responded to the online clamour. “As the US suddenly halted its procurement of Huawei smart phones, some Chinese have proposed a boycott of Apple’s iPhones,” he said. “But we think it’s not right to sacrifice our national interests and policies of reform and opening-up, just for the sake of our company. Although lately we’ve been encountering serious setbacks in the West, we’re still supportive of our country’s march towards a more open market.”

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4 Chinese Former TV Host Cui Yongyuan Launched War On Tax Evasion

In a bizarre series of events, former television talk show host Cui Yongyuan went public with allegations that suggested there had been an injustice in China’s legal system. Cui told his millions of social media followers that court documents related to the case had mysteriously gone missing when a Supreme Court judge ruled in favour of a private businessman instead of the state-backed company.

Cui made headlines around the world last year for accusing one of China’s top movie stars —-Fan Bingbing of tax evasion and has positioned himself as a social crusader in China. As a result, China updated the taxation Law and Fan Bingbing promised to pay a sum of more than 800 million RMB fine three months after Cui’s accusation.

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5 Severe Punishment For Counterfeit Vaccine Maker

In July 2018, the illegal production of ‘fake’ human rabies vaccine by Changchun Changsheng Life Sciences Limited caused widespread attention. On July 23, President Xi Jinping called for an immediate investigation and serious punishment of those found responsible.

The Standing Committee of the Political Bureau of the CPC Central Committee heard reports on the investigation and punishment for those responsible. Serious penalties were given to those accountable, while the vaccine-maker received penalties totaling 9.1 billion yuan (1.87 billion Australian Dollars). The company was also facing compulsory de-listing from the Shenzhen Stock Exchange.

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6 China Stock Market Crash

Perhaps the biggest financial market story in 2018 so far is the tremendous and constant crashes of the Chinese stock market, which has witnessed losses in excess of 30% since the start of year 2018.

The fall, which has seen the benchmark Shanghai Composite index drop to its lowest level in almost four years in October 2018, is generally explained through the prism of investors realizing that the blockbuster growth China has enjoyed over the last decade is on the wane, and that things are likely to slow down to a strong, but not stellar, rate.

Another possible reason for the crash can be found, that China and the US have been in a trade war for much of 2018, shaking world financial markets as the flow of hundreds of billions of dollars worth of goods between the world’s two largest economies has been disrupted by tariffs.

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7 China Unveils The World’s Longest Sea-Crossing Bridge

Spanning 34 miles (55 kilometers), The Hong Kong-Zhuhai-Macau Bridge is the longest sea-crossing bridge ever built. It is a central plank in China’s master plan to develop its own Greater Bay Area — a region it hopes will develop to rival the Great Bay of San Francisco, New York and Tokyo in terms of technological innovation and economic success. The official narrative is that greater regional integration will drive economic growth.

Home to 68 million people, the Chinese Greater Bay Area covers 21,800 square miles (56,500 square kilometers) in Central Southern China, and encompasses 11 cities — Hong Kong, Macau and nine cities across Guangdong Province.

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8 Successful Holding of China’s 1st International Import Expo

During 5-10 Nov. 2018, the first China International Import Expo(CIIE) was held in Shanghai, drawing 172 countries, regions, international organizations and more than 3,600 corporate exhibitors. It was the first state-level import-themed expo and a pioneering move in international trade. More than 250 Australian brands participated in the CIIE, signing purchase orders and MOUs with thousands of buyers internationally.

To welcome the businesses, with the presence of a handful of international state leaders and the Chinese president, Shanghai lit up its buildings across town on Sunday night. Roads shut down, local schools and government offices closed for two days and tech giant Didi partially suspended its ride-hailing service.

Roughly 300 students from the local prestigious colleges volunteered to direct visitors around a four-leaf clover exhibition space the size of at least 55 football fields near Shanghai’s Hongqiao Airport. An army of security officers hovered the grounds, and sometimes made guests walk through gated entrances with roughly 30 turns.

By official figures, more than 400,000 buyers — including representatives from nearly all of China’s state-owned enterprises — had the chance to meet with more than 3,600 businesses from 172 countries at the China International Import Expo.

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9 Liu Qiangdong, CEO Of Chinese Tech Giant JD.Com, In Sex Assault Probe

Chinese billionaire and tech company executive Liu Qiangdong was arrested on Friday night in Minneapolis on suspicion of sexual assault and later released as an investigation continues, authorities said.

Liu, the 45-year-old Chief Executive and founder of the E-commerce giant JD.com, was arrested and detained at the Hennepin County Jail, according to booking records.

He was released after 4pm on Saturday, with records showing no posted bail.

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10 Dolce & Gabbana cancels Shanghai show after China racism scandal

Dolce & Gabbana has been slammed for its new “DG Loves China” campaign in China, with critics calling the luxury brand out for undermining the country’s centuries-old culture and depicting Chinese women in a racist way.

The campaign video, which was posted on social media platform Weibo by the brand to promote its upcoming runway show in Shanghai, depicts an Asian model in a red sequin D&G dress having trouble eating Italian food like pizza while using chopsticks, while a male narrator asks the model “is it too huge for you?”

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(Content edited from supchina.com, smh.com.au,cgtn.com, Xinhuanet.com,thedrum. com, afr.com, businessinsider.com.au, BBC,edition.cnn.com, CNBC, Wikipedia)