New Delhi: The country’s next big frontier is India’s burgeoning tech and internet companies, which have come to dominate the country’s digital economy.
With the emergence of WeChat and Facebook in India, the country is now home to about 30 of the world’s largest social networking companies, with an estimated value of $2 trillion, according to research firm CB Insights.
The companies also employ more than 7,000 Indians.
WeChat is India ‘s most popular messaging app with more than 13 million users.
The tech giants have created their own versions of WhatsApp and Viber, the messaging apps of Facebook, to compete against India ‘ s established players.
Facebook has been the dominant messaging app in India for several years.
It has more than 6 million users, according a study by research firm Gartner.
Google is a smaller player with just under 2 million users but the firm has been aggressively building out its messaging services and has already started to build a rival to WeChat.
Gartner has estimated that Google has more then 50 million users in India.
Wechat has more 500,000 users.
While Facebook has been able to dominate messaging, WeChat has grown exponentially over the past two years as its services have expanded to more than 20 countries.
In 2017, the social networking giant started a partnership with the Indian government to expand the app to the entire country.
Facebook also partnered with Google to launch its WeChat app, which is free to download.
Weibo, the microblogging service owned by Alibaba, has also become a major player in the digital space.
In the first quarter of this year, Weibo was able to post nearly 500 million posts and it is now the No.1 app in the country, according CB Insight.
We are looking at WeChat to be a player in India that will grow its subscriber base.
India has more to offer than just messaging.
Its government is also looking to diversify its economy away from the traditional consumer base.
It is investing in renewable energy, building a massive infrastructure and promoting digital education.
While the government is targeting its social media platforms to attract young people, its plans for the future are also to diversate the economy.
We expect that we will see more and more companies, startups and entrepreneurs that have a presence in the Indian market, and to take advantage of the opportunities and challenges that we have created here.
WeChat is already in India , but it has been in the process of expanding to more countries, including Indonesia, Mexico and China.
We also have plans to expand into Southeast Asia and Africa.
The company has recently launched a new service called WeChat India, where users can exchange and share stickers, wechat stickers and other social media content with friends and family.