Tencent plans to launch a personal WeChat cloud storage paym...

Tencent plans to launch a personal WeChat cloud storage payment service to realize cloud backup and recovery of WeChat chat records.

The business may adopt a yearly payment model, with Apple users at around 180 yuan/year, and Android users at 130 yuan.

Assuming that 5% of WeChat users use cloud storage services, corresponding to 5 million to 6 million users, at 150 yuan per capita, the total revenue that can be created will reach 750 million to 900 million.

This number is too small for Tencent, which has a total market value of several trillion. But the key is that in addition to providing free services, WeChat has finally begun to explore a profit model. $TENCENT (00700.HK)$