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WeChat leads the pack as China trumps US in world’s fastest-growing companies, says report

Updated : December 04, 2019 03:08 PM IST

WeChat's value has grown from $3,092 million in 2014 to $50,707 million this year to top the inaugural brand valuation list compiled by consultancy firm Brand Finance.
Since its inception as a chat application in 2011, WeChat has diversified its offerings gradually to emerge as a platform that a majority of Chinese internet users cannot do without.
Overall, China and the United States dominate the world’s top 100 fastest-growing brands with 39 companies each. However, the Asian powerhouse has cannibalised the top ten list with eight companies, including each of the top four.
WeChat leads the pack as China trumps US in world’s fastest-growing companies, says report

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