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Could Topple that is tencent Momo the “Tinder of Asia”?

Written by Jamaluddin · 2 min read >

Could Topple that is tencent Momo the “Tinder of Asia”?

The tech that is chinese has revealed three brand brand brand brand new dating apps in the last month or two.

Leo is a technology and customer products professional that has covered the crossroads of Wall Street and Silicon Valley. Their wheelhouse includes cloud, IoT, analytics, telecom, and video video video video video gaming associated companies. Follow him on Twitter for more updates!

Tencent (OTC:TCEHY) guidelines China’s mobile texting market with WeChat, which acts 1.15 billion monthly 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 re re re re payments, and much more — all without ever making the software.

Meanwhile, Momo (NASDAQ:MOMO) could be the top online dating sites platform in Asia. Its namesake software started off 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 actually 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 digital gift ideas or subscribed to premium online dating services on Momo and Tantan.

Image supply: Getty Graphics.

Both of these organizations 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 myspace and facebook with an opt-in relationship feature.

What’s Tencent up to?

WeChat’s MAUs expanded 6% yearly last quarter, but it is just a matter of the time before this ubiquitous “super application” runs away from space to develop in Asia. Meanwhile, Gen Z-oriented competitors like ByteDance’s TikTok and Bilibili are attracting more youthful users, while WeChat seems shackled to its reputation as an application for older users.

A present research by research firm Jiguang unearthed that simply 15% of Chinese users created posted day-to-day updates on WeChat, compared to 57% of users created. Which is much like the generation gap between Twitter and Instagram in Western markets, where parents saturated the former and teens that are sent toward the latter. WeChat is also commonly considered a “work application,” since supervisors make use of it to help keep monitoring of their staff.

in other words, Tencent requires brand new approaches to achieve younger users, and Momo’s streak of double-digit income development shows that online dating sites is nevertheless a market that is fertile.

Meet Maohu, Qingliao, and Pengyou

Maohu, which established within the summer time, lets users talk anonymously with strangers while donning electronic masks. Male users can wear the mask for at the most 5 minutes, while feminine users can indefinitely wear a mask. When a person eliminates his / her mask, beauty filters are used immediately to your video that is live.

Qingliao, that has been introduced in belated November, resembles Momo’s Tantan and Match’s Tinder, but does not follow the swiping mechanic of these two apps. Rather, it just provides two alternatives regarding the side that is right of profile — anyone to “like” it, and another to dismiss it.

Its primary web page shows a carousel of prospective matches, and users can scroll right down to see information that is additional a individual’s career, academic back ground, hobbies, location, and social networking postings. The matches are refreshed every 18 hours. The software happens to be being tested for an basis that is invite-only.

Image supply: Getty Photos.

Pengyou, that has been relaunched in mid-December, is definitely an updated type of an adult networking that is social that ended up being discontinued. The brand new application resembles Instagram having its principal feed of solitary pictures, nonetheless it splits its feed into three groups — buddies, peers, and folks whom reside in the exact exact exact exact exact exact same town.

Users have to validate their identities with individual qualifications, in addition they can opt-in for dating matches. This discreet ukrainedate approach is just like Twitter’s opt-in strategy with Twitter Dating. Like Qingliao, Pengyou continues to be being tested for an basis that is invite-only.

Should Momo worry?

Tencent plainly wants to leverage the potency of its WeChat and QQ ecosystems to achieve fresh footholds when you look at the online market that is dating. This may be bad news for Momo, which struggled with decelerating development in MAUs and revenue within the year that is past