In collaboration with Tsinghua University and Tencent Social Research Institute, WeChat published their first international report titled ‘The 2020 Pandemic and the QR Code Economy’.
WeChat, which is often likened to social media messaging platform WhatsApp, is, in fact, a huge digital ecosystem that has an immense impact on the lives of its users.
During the COVID-19 pandemic, the WeChat ecosystem played an enormous role in China – enabling services, businesses, and individuals to communicate and ‘re-start‘.
Key points in the report
- WeChat’s ecosystem serves more than 1.2 billion monthly active users and holds over 20 million official accounts.
- WeChat hosts over 1 million so-called ‘Mini Programs’ with more than 400 million daily active users.
- WeChat Pay has over 50 million monthly active merchants, generating 1 billion daily commercial transactions.
- During COVID-19, WeChat’s average usage time increased by over 30%.
- Between 23 January and 6 May 2020, governments, business and individuals used WeChat QR Codes over 140 billion times, leading to each person saving 29.2 hours on average.
- During the pandemic, WeChat Work catered for more than 100,000 schools, connecting 50 million parents.