messaging is eating the world (by edith yeung)
TRANSCRIPT
Messaging is Eating the
World Edith Yeung @edithyeung
Edith Yeung is a Partner at 500 Startups’ Mobile Collective, focusing on investing in mobile apps and consumer internet startups. Before 500, Edith was the VP of marketing & business development for Dolphin Browser. Dolphin Browser is a Sequoia-backed mobile browser with over 150 million installs worldwide. She also founded RightVentures - seed stage investment firm focusing on mobile and consumer internet companies. Prior, she led many operation roles at Oracle, Siebel, AT&T, Symantec, Telstra, Cisco, Autodesk, etc.
@edithyeung
Everyone is messaging.
@edithyeung Source: Quartz h.p://qz.com/404239/facebooks-‐global-‐dominance-‐of-‐messaging-‐in-‐two-‐maps/
WhatsApp is #1 Messaging App in the World with over 800 million monthly active users
Source: StaDsta h.p://www.staDsta.com/staDsDcs/258749/most-‐popular-‐global-‐mobile-‐messenger-‐apps/ @edithyeung
Facebook & Tencent own more than 2.7 billion monthly active messaging users.
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Source: PEW Internet research h.p://www.pewinternet.org/2015/08/19/mobile-‐messaging-‐and-‐social-‐media-‐2015-‐main-‐findings/
49% of smartphone owners ages 18 to 29 in the US use messaging apps
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Beyond Texting
1. Voice 2. Images 3. Videos 4. Money Transfer 5. Dating 6. Image recognition
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Voice call functionality is now available on WhatsApp, Facebook Messenger, WeChat, Kakao Talk & Line.
Snapchat has 200 million users who share 8,796 photos per second.
@edithyeung Source Adweek h.p://www.adweek.com/socialDmes/how-‐many-‐photos-‐are-‐uploaded-‐to-‐snapchat-‐every-‐second/621488
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Facebook Messenger users made over 1 million video calls during the first two days after launch. Skype killer?
Source: Mashable h.p://mashable.com/2015/05/05/facebook-‐messenger-‐1-‐million-‐video-‐calls/#M_8xsfNp.kqu
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Starting November 2015, WeChat Payment supports British pound, Hong Kong dollar, U.S. dollar, Japanese yen, Canadian dollar, Australian dollar, Euro, New Zealand dollar and Korean won.
Source: Xinhuanet -‐ h.p://news.xinhuanet.com/english/2015-‐11/20/c_134838085.htm
Magic in the Messaging bottles, not
Tinder.
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@edithyeung
WeChat launches image recognition by location, book & music cover and languages.
Source: Xinhuanet -‐ h.p://news.xinhuanet.com/english/2015-‐11/20/c_134838085.htm
Payment is the foundation to
Messaging Revenue.
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Source: StaDsta h.p://www.staDsta.com/staDsDcs/487656/mobile-‐messaging-‐apps-‐revenue/
Asian Messaging apps generated over $3.8 billion combined revenue in 2015
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1. Shopping 2. Selling 3. Transportation 4. Customer Service 5. Banking 6. Non-profits donations 7. Real Estate
Beyond Social
Seven WeChat Business Cases
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Buy train, movie tickets, electricity, water, gas and phone bills via WeChat payment.
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Set up their own shops using Weidian (Shopify for WeChat)
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Engage customers in conversation before, during and after a sale.
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WeChat is not enough. WeBank.
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WeChat for Non-profits
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WeChat for Real Estate
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Messaging will redefine the
mobile industry.
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Just a few predictions…
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Messaging will be the biggest threat to Google Search.
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Messaging Voice Feature – One of the Biggest Threats for Telecom Operators.
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Messaging Apps will process more shopping transactions than all other shopping apps combined.
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Messaging by the number 1. WhatsApp is #1 Messaging App in the World with over 800 million
monthly active users. 2. Facebook & Tencent own more than 2.7 billion monthly active messaging
users. 3. Snapchat has 200 million users who share 8,796 photos per second. 4. Facebook Messenger users made over 1 million video calls during the
first two days after launch. 5. Asian Messaging apps generated over $3.8 billion combined revenue in
2015 6. With over 3 billion combined monthly active users, businesses are
reaching their audience via messaging apps. 7. Top messaging apps are Facebook messenger, Whatsapp, Wechat, Line,
QQ, Line, Kakao talk, Viber, iMessage, etc. @edithyeung
You can find my presentation at: • Deck http://www.edith.co/#blog • Email [email protected] • Twitter @edithyeung • Newsletter http://www.edith.co/#newsletter
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