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.
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