Could Topple that is tencent Momo the “Tinder of Asia”?
The tech that is chinese has revealed three brand brand new dating apps within the last couple of months.
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Tencent (OTC:TCEHY) guidelines China’s mobile texting market with WeChat, which acts 1.15 billion month-to-month active users (MAUs). Its ecosystem of over a million “mini programs” allows users to look, purchase meals, play games, hail trips, make re re re payments, and much more — all without ever making the application.
Meanwhile, Momo (NASDAQ:MOMO) could be the top online dating sites platform in Asia. Its namesake application started off as a social network software|networking that is social}, but gradually developed right into a platform for internet dating and real time videos.
Momo’s smaller software, Tantan, is basically a Chinese clone of Match 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 Pictures.
Those two businesses generally speaking are not considered rivals, but Tencent recently established three torpedoes at Momo: an anonymous movie dating app called Maohu (“Catcall”), a Tinder-like application called Qingliao (“Light Chat”), and a reboot Pengyou (“Friends”) app as a social network with an opt-in relationship feature.
What’s Tencent up to?
WeChat’s MAUs expanded 6% yearly final quarter, but it’s just a matter of minutes before this ubiquitous “super software” runs away from space to develop in Asia.