electronic Global Trade Credit Platform/eGTCP's Blog: Stickier than Facebook? WeChat has dethroned Mark Zuckerburg as the tech king.

If you are in China, or doing business with Chinese, you must know a chat tool named Wechat. Recently, a report shows that it tops rival Facebook's daily usage.

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Wechat is like facebook, twitter and Instagram all rolled into one. It’s not just a social media platform, but the business tool used in China for calls, messages, group chats and a rang of other features.

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In 2016, one-third of WeChat's 889 million monthly active users spent a solid four hours or more per day on the mobile chatting tool, twice that of a year ago, according to Penguin Intelligence, a research arm of WeChat's developer Tencent Holdings.

The average daily time spent is also up slightly, now at 66 minutes, surpassing that of Facebook's average 50 minutes recorded last year.

A striking 92 percent of respondents to the survey said they prefer mobile payment over cash and credit cards when shopping in stores. Speed, convenience and "not bothering to carry cash" are the top three reasons cited for using mobile wallets to buy movie tickets and pay utility bills.

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Already cementing WeChat's position as the nation's most-used app, users found a majority of newly added contacts are casual acquaintances, notably in work-related communication. About 45 percent of WeChat users reported to have over 200 contacts, up from just 10 percent a few years ago.

Last year, WeChat users helped drive 174.3 billion yuan ($25.3 billion) of information-sector spending and created jobs for 18.8 million people, according to a separate study by the China Academy of Information and Communications Technology released in early April.

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