Could Tencent Topple Momo as the “Tinder of Asia”?
The Chinese technology giant has unveiled three brand new dating apps in the last month or two.
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Tencent (OTC:TCEHY) guidelines China’s mobile texting market with WeChat, which serves 1.15 billion month-to-month users that are activeMAUs). Its ecosystem of over a million “mini programs” allows users to look, purchase meals, play games, hail trips, make re payments, and much more — all without ever making the software.
Meanwhile, Momo (NASDAQ:MOMO) could be the top internet dating platform in Asia. Its namesake application started off as a social network software|networking that is social, but gradually evolved into a platform for internet dating and real time videos.
Momo’s smaller software, Tantan, is basically a clone that is chinese of Group’s Tinder. Momo’s core application had 114.1 million MAUs last quarter, and 13.4 million of them purchased gifts that are virtual subscribed to premium online dating services on Momo and Tantan.
Image supply: Getty Graphics.
Those two organizations generally speaking are not considered rivals, but Tencent recently established three torpedoes at Momo: an anonymous video clip dating app called Maohu (“Catcall”), a Tinder-like application called Qingliao (“Light Chat”), and a reboot of the Pengyou (“Friends”) app as a myspace and facebook with a dating feature that is opt-in.
What’s Tencent up to?
WeChat’s MAUs expanded 6% yearly final quarter, but it is just a matter of minutes before this ubiquitous “super application” runs away from space to cultivate in Asia. Meanwhile, Gen Z-oriented rivals like ByteDance’s TikTok and Bilibili are attracting more youthful users, while WeChat seems shackled to its reputation as an application for older users.