Now its Tencent Backed ‘Super-App’ Vs. Tencent’s own WeChat
Another issue that is rising in China is tech apps taking over its rivals from the same backers. Recently, Meituan, a kind of Chinese technology that very few people out of the country understand is giving some serious competition to WeChat.
Tencent Holdings Ltd, the messaging giant app is the developer of WeChat and a key investor in Meituan and watching its siblings take over each other, is something that nobody wants.
Meituan has grown very popular in China. It has a restaurant review feature like that of Yelp (San Fransisco based review MNC), while its app also lets users order food off the menu from phone. Even to pay, users don't have to leave the Meituan app.
This is the reason why its giving serious competition to Tencent's WeChat. the startup is already the world's fourth...