Here are all of the posts tagged ‘LinkedIn’.
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 »
Tencent’s profit rises by 50%
Tencent, the Chinese internet giant that owns WeChat, posted net profit of $941m for Q4 2014, up 50% year-on-year. Total revenue hit $3.37bn, a 24% rise over the same period and largely attributed to mobile games and advertising.
In addition, the company also announced that as of Q4 2014 WeChat has 500 million monthly active users. This is a 6.8% increase from 468 million in Q3 last year.
Rules for posting on WeChat
WeChat has released 10 ‘commandments’ for posting to its news feed, known as Moments. One of these in particular has caused censorship controversy, as it forbids:
…dissemination of content that is opposed to the basic principles of China’s Constitution, socialist system, national unity, sovereignty and territorial integrity.
The remaining nine are more straightforward: thou shalt not infringe, be erotic, be violent, gamble, scam, organize crime, counterfeit, false advertise or make empty promises.
China’s Lunar New Year TV show gives away cash through social media
In a twist to the traditional red packets that are given out during Lunar New Year, China’s state TV extravaganza gave away cash to viewers via platforms like WeChat and Weibo. The 5-hour Chinese New Year’s Eve TV show gave away RMB 500million in cash during the broadcast by getting viewers to shake their phone when prompted. This made use of WeChat’s existing Shake feature, usually used to find fellow users of the messaging app nearby. Weibo users went through the more conventional route of clicking links.
Google launched a localised version of its YouTube channel for developers in China
Google is continually opening up its Android platform to mobile developers in China, this time announcing the launch of a Chinese version of its Google Developers YouTube channel. This new channel will help the US firm’s move last November (of allowing Chinese developers to earn money via Android apps, although only from users based outside of China since Google Play still remains blocked there) by increasing access to information resources to developers. However, viewers currently require a VPN connection to access the channel.
Google Capital seeks to move into India
Google Capital, an investment arm of the tech giant that focuses on mid-stage technology companies, has set its sights on India. In the first expansion of its kind outside the US, Google Capital has been interviewing candidates for a position to lead their efforts in India – a country that has recently surpassed the US in terms of number of Internet users.
Twitter opens new R&D centre in India
With India set to become Twitter’s largest market after the US (with a projected 40 million users by 2018), it comes as no surprise that they have confirmed to open a new R&D centre in Bangalore, Twitter’s first centre outside of the US. It is likely that the Zipdial team, which they recently acquired last month, will form the basis for the new R&D facility, to develop new Twitter products relevant to users in emerging markets such as India and Indonesia.
Chinese Tinder copy Tantan raises $5m
According to Sina Tech, the Beijing-based app Tantan from Yay Media Labs recently raised $5m in series A funding, in a round led by Bertelsmann Asia Investments. It is an exact carbon copy of Tinder (but with stickers); letting users swipe through location-based profiles, match with mutually interested users, and chat with them. Founders Pan Ying and Wang Yu claimed Tantan has made over 15m matches, seen 20m swipes and sent 1m messages every day.
Daum Kakao, previously known as Kakao Talk, recently wholly acquired Kids Note, an app for kindergartens and daycares to communicate with parents. Among other features, parents can request real-time check ups on their children, whereas teachers can post daily reports and pictures. The company plans to push the app to about 14,000 kindergartens and private daycares in Korea.
Hike, a homegrown Indian instant messenger, has over 35 million users and just recently acquired US-based voice-calling company Zip Phone, a Y Combinator startup. The company plans to launch free voice-calling soon, alongside their biggest rival WhatsApp. This competition will be one to watch, with telecom majors planning to charge customers for data usage on instant messaging and VoIP apps.
Last week during CES, Caesars Entertainment partnered up with WeChat to give tours of THE LINQ‘s smart hotel rooms. With WeChat, visitors could control the lighting, thermostats and curtains in their rooms. Upon arrival at the hotel room, visitors only need to scan a QR code to get the app which operates as an official WeChat account.