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Please name one Chinese social media company that is "better" at these social media categories.

Group/Newsfeed: Facebook (Baidu Tieba is China only)

Longform videos: YouTube (Bilibili is China only)

Messenger: WhatsApp, iMessenger (WeChat is mostly China and some SEA countries)

Photo: Instagram

Microblogging: Twitter (Weibo is China only)

VR: Meta/Steam (TikTok has Pico, we will see how it will do internationally)

Live stream: Twitch/YouTube (No idea how popular TikTok is in this category)

You are over estimating this space. Fb is already competing here. They have begun an ad share revenue model with people who upload videos.

Meta's pathetic attempts at shoehorning rEeLs into anything and everything can, should, and will fail.

Let's hope all of it gets banned, US and foreign alike!