Tencent’s WeChat is much more than a messaging tool, in part because it is a platform for more than 1 million mini programs, lightweight apps that run inside WeChat. All kinds of online and offline services and brands operate mini programs inside WeChat. And Tencent said that the value of transactions generated by WeChat’s mini programs more than doubled in 2019 to 800 billion yuan ($115...
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How Activists Proved to be Salesforce’s ‘Superpower’
These corporate efficiency initiatives really work! Salesforce’s April-quarter earnings report Wednesday showed an operating profit of $412 million, a 5% margin, compared with $20 million a year earlier, which equated to a margin of 0.27%. The reason was lower expenses—research and development costs fell 8.4% while marketing expenses dropped 6.5%—even as revenue rose 11%. Cutting costs to lift...
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