The Chinese tech giant has unveiled three new dating apps within the last month or two.
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Tencent (OTC:TCEHY) guidelines China’s mobile texting market with WeChat, which acts 1.15 billion month-to-month users that are activeMAUs). Its ecosystem of more than a million “mini programs” allows users to search, purchase meals, play games, hail trips, make re payments, and much more — all without ever leaving the software.
Meanwhile, Momo (NASDAQ:MOMO) may be the top internet dating platform in Asia. Its namesake application began 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 enrolled in 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 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 software” runs away from space to cultivate in Asia.