AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min chapter
Season 3, Episode 10: Tencent
Acquired
The Evolution of Wee Chat Payment Platforms
Ten cent thought about doing this transaction platform on cuc before they had done wee chat. But people started using cucu pay as a a replacement for the r m b, and the chinese government freaked out. So it's interesting that when when te was finally right for we chat pay, en i'm sure they worked it out with the government where, um, it wouldn't get shut down like the previous time. The thing that boot strapped their a we chat payment platform was that street fenders began accepting your sort of winnings from lucky money as a way to pay for stuff in the real world.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode