A profile of the two executives running Tencent, the company behind the WeChat app in China (Bloomberg)
— “WeChat now has 937.8 million active users, more than a third of whom spend in excess of four hours a day on the service. To put that in context, consider that the average person around the world spends a little more than an hour a day on Facebook, Instagram, Snapchat, and Twitter combined.”
India will be the 3rd largest consumer economy in the world by 2025 (13D Research)
— “India’s estimated nominal y-o-y expenditure growth rate of 12% through 2025 is more than double the global average of 5% for the same period.”
— “Millennial and Generation Z represent almost two-thirds of the country’s population.” There are 830 million millennials or Gen Z residents in India.
— “Nearly 120 new cities in India are expected to match the current household income level of its major metropolitan areas by 2025 .”
Good 14-post Twitter thread showing how China has moved to control the world’s ports and shipping lanes (Twitter, Josh Wolfe)