Here are all of the posts tagged ‘Facebook’.
From a dating app to a social network
Started in 2011, China’s Momo was a location-based dating app for young people to meet and chat with potential dates. Today, Momo has shifted its focus to brand itself as a social network for young people. What makes the social network different from the likes of Facebook is that it specially caters to young people as a platform for them to make meaningful connections.
Daily active users on Facebook in Asia up 25%
Following the release of its recent Q1 report, Facebook revealed that there are 470 million monthly active users (MAUs) in Asia Pacific alone. Out of these 470 million users, 270 million are reported to be daily active users (DAUs) – up 25% in the past year. While looking at monthly active users (MAUs) is useful, the number of DAUs gives a better understanding of how active Facebook users are.
Myanmar’s MySQUAR eyes Aim flotation in a fortnight
MySQUAR, Myanmar’s only social media platform in the local language, is raising about $2.5 million to build a local-language business of messaging applications and online games, and hopes to float on the Alternative Investment Market in a fortnight. Nearly 700,000 Burmese citizens already use its MyChat app, and that could be more than 1m by December if all goes to plan.
WeChat’s movie ticketing app raises $105M in series B funding
WeChat’s movie ticketing app, WePiao, has announced the completion of a US$105 million series B round of funding from investors such as real estate giant Wanda Group, Chinese film investment fund Wenzi Huasha, etc. Besides purchasing tickets, users can choose their seats and order drinks and popcorns via the app. With Alibaba’s recent acquisition of Yueke Software Engineering, this move appears to be a reaction to capture the burgeoning online movie ticket sales that has risen from 8% to 30% from 2013-2014 in China.
Facebook users in Asia still resistant to online and in-app purchases
Even though Facebook has reported a healthy growth in revenue and users across Asia, much of its revenue is still very much dependent on Facebook advertising. In Q1 2015, 96.7 percent of Facebook’s Asia revenue was from ads, up from 89.3 percent in Q1 2013. Compounding on this problem is the fact that rival messaging apps such as LINE and KakaoTalk, where in-app purchases generally happen, are dominating the Asian market compared to Facebook’s chat app. Read the rest of this entry »
Meet Present, the anti-Snapchat social video app
Present, a Singaporean startup by Peter Zhuo, is challenging the shift toward shorter videos and fleeting images. Aspiring to be a video memory bank, it is useful for chronicling “first experiences” and “last memories”. New mothers can relive the day-to-day progress of toddlers, and grandparents can record video messages for future grandchildren.
Present allows videos that are up to two minutes in length and organises them by timeline, location, friends and topics. Users can also retrieve videos recorded in the vicinity to view the memories of others. Congratulations Harry Potter, you can finally ditch the Pensieve.
Walking #withoutshoes on Weibo, WeChat, Mogujie and Instagram
US shoe brand, Toms, is collaborating with social media giants Weibo, WeChat, Mogujie and Instagram. Between May 5 and 21, users in China are encouraged to caption their barefoot photos with the hashtag #withoutshoes. As part of its “One for One” pledge, Toms will donate a pair of shoes for every photo uploaded.
Online platforms Shangpin, Mogujie and Alibaba will also seed the movement among niche communities, while Weibo and Wechat will leverage on social influencers. Toms China announced that “This is the first philanthropic campaign of its kind, leveraging digital technologies to solicit global awareness, with zero time nor monetary commitment.”
Off you go then – take a moderately large amount of feet photos and we promise you will not be judged.