If WhatsApp Is Worth $19B, Then WeChat’s Worth “At Least $60B” Says CLSA

Heads turned when Facebook forked out $19 billion for messaging service WhatsApp in February, and eyes popped when Facebook CEO Mark Zuckerberg said it was probably worth even more. Now, analysts over at Crédit Lyonnais Securities Asia have taken up the baton on outsized messaging app valuations: it says that WeChat, a Chinese competitor owned by Tencent, is worth “at least $60 billion,” because… Read More

Original Post By Google News Ingrid Lunden