The Daily Dose

Messaging app WeChat (known as Weixin in China) hit the monetization switch last year and is already expected to rake in $1.1 billion in revenue this year. However, that seems to be limited to China for now, where Weixin has gone beyond engaging with brands to create ‘Official Accounts’ to form an m-commerce ecosystem which includes payments. The international market, on the other hand, has not progressed in this way — there are Official Accounts but no stirrings of an m-commerce ecosystem (think flash sales and payment mechanisms) on WeChat. Poshu Yeung, vice president of the international business group at Tencent, which owns WeChat, had…

This story continues at The Next Web