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Could Tencent Topple Momo given that “Tinder of China”? | #facebookdating | #tinder | #pof

Could Tencent Topple Momo given that “Tinder of China”? | #facebookdating | #tinder | #pof

Tencent (OTC:TCEHY) rules China’s mobile messaging market with WeChat, which serves 1.15 billion month-to-month active users (MAUs). Its ecosystem of over a million “mini programs” allows users to shop, 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 online that is top platform in China. Its namesake software started off as a social network application|networking that is social, but gradually evolved into a platform for internet dating and real time videos.

Momo’s smaller application, Tantan, is actually a clone that is chinese of 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 signed up for premium online dating services on Momo and Tantan.

Image supply: Getty Pictures.

Those two businesses generally aren’t considered rivals, but Tencent recently launched three torpedoes at Momo: an anonymous video dating app called Maohu (“Catcall”), a Tinder-like app called Qingliao (“Light Chat”), and a reboot of their Pengyou (“Friends”) app as a myspace and facebook by having a dating feature that is opt-in.

What’s Tencent as much as?

WeChat’s MAUs expanded 6% yearly final quarter, but it’s only a matter of time before this ubiquitous “super app” runs away from space to develop in China. Meanwhile, Gen rivals that are z-oriented ByteDance’s TikTok and Bilibili are attracting more youthful users, while WeChat seems shackled to its reputation being a application for older users.

A study that is recent research firm Jiguang unearthed that simply 15% of Chinese users created after 2000 posted day-to-day updates on WeChat, compared to 57% of users created within the 1960s.

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