3 Ways Tencent Is Trying to Regain Its Youth

Tencent (OTC: TCEHY) owns two of the largest social platforms in China. WeChat, the country's most popular mobile messaging app, had 1.15 billion monthly active users (MAUs) last quarter. Its predecessor, the older messaging app QQ, had 731 million MAUs.

However, WeChat's MAUs grew less than 2% sequentially last quarter, while QQ's MAUs declined nearly 10%. Meanwhile, both platforms face fierce competition from newer social platforms like ByteDance's TikTok (known as Douyin in China) and Toutiao.

Image source: Getty Images.

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Source Fool.com