Facebook copied China's messaging app WeChat a few months ago when making plans to introduce private groups for online communication. Now, Facebook is copying again by releasing a payments option within Facebook, albeit with the twist of cryptocurrency to pay for goods and services. China's messaging app is ubiquitous in China, used by more than 1 billion people globally. China tech titans all have a large stake in this mobile app market from delivery services to payments to commerce. But China has gained fast in several sectors of technologies, as you'll read about in Tech Titans of China.

Source: Forbes June 20, 2019 23:48 UTC