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Daily Digest | Super app momentum

Written by The Uptake Published on     1 min read

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How has WeChat fared with Tencent under regulatory scrutiny?

Hey. Brady here.

If there’s a grandpapa super app, it would be WeChat.

The concept was first coined by BlackBerry founder Mike Lazaridis in 2010 to describe a closed ecosystem of applications. (RIP all old BlackBerrys.) But the execution, as we know now, took place when WeChat made mini programs a part of its app.

Plus, the fact that it also offers a convenient payment channel gives people a reason to use the app every day.

The model of being present for nearly all major daily consumption needs became something to emulate. Facebook tried. Grab and Gojek now have their own take on this.

Tencent, which operates WeChat, has been a visible target in a regulatory crackdown in China. For a while, the company couldn’t release updates for its apps, and were halted from publishing new ones. You’d think that maybe, just maybe, that would have dented WeChat’s growth.

Surprisingly, not so. Jiaxing had the story. You can read it here.

Daily Roundup

Six thoughts on embedded finance in Southeast Asia from Payoneer APAC VP Nagesh Devata.

AyoBlajar fosters new educational culture in Indonesia’s classrooms.

Reliance ventures into quick commerce with USD 200 million investment in Dunzo.

The Estonia-Singapore tech corridor: A conversation with Priit Turk, Estonian ambassador to Singapore.

Jason van Schie fosters workplace mental healthcare with psychological risk management platform FlourishDx.

Alibaba Cloud x KrASIA Global Startup Accelerator announces finalists for joint Singapore-Thailand Demo Day.

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