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March 5, 2018 02:00 pm

Tencent's WeChat Hits 1 Billion Milestone as Lunar New Year Boosts Monthly Active Users

WeChat hit the milestone of one billion monthly active users during the Lunar New Year in February, a "remarkable number" according to Tencent Holdings chief executive Pony Ma Huateng who disclosed the figure at a Two Sessions media briefing in Beijing on Monday. From a report: The user numbers are up from 980 million in the third quarter of 2017, as reported in Tencent's third quarter results. More than 688 million WeChat users sent or received digital versions of hongbao, the traditional Chinese red packet containing cash and given as a gift during the new year holiday season, pushing the monthly active users of WeChat hongbao to 800 million, Ma revealed on Saturday, as reported by Chinese tech media 36Kr.

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