Could Tencent Topple Momo as the «Tinder of Asia»?

Could Tencent Topple Momo as the «Tinder of Asia»?

The tech that is chinese has revealed three brand brand new dating apps in 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 payments, and much more — all without ever making the application.

Meanwhile, Momo (NASDAQ:MOMO) may be the online that is top platform in Asia. Its namesake software began as a social network application|networking that is social}, but gradually developed as a platform for online dating sites and live videos.

Momo’s smaller software, Tantan, is basically https://datingrating.net/foreign-dating/ a Chinese clone of Match Group’s Tinder. Momo’s core software 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 source: Getty Graphics.

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 its Pengyou («Friends») app as a social networking having an dating feature that is opt-in. Read more