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15 Oct 2020
Online dating apps in Vietnam • a BC finding!

Overview on online dating apps

Although the very first computer-based dating service was created in 1965 in the US, online dating has just gained popularity in the last decade thanks to the rise of online dating apps. Since the launch of Tinder in 2012, hundreds of dating services have appeared on app stores worldwide. In 2018, analysts estimate the global online dating market could be worth $12 billion by 2020 (Business Insider, 2018). A more recent estimation for 2020 was conducted by Statista, which is $2.7 billion. It is difficult to evaluate the two estimations. However, in fact, Match Group (the company owns those most high-profile dating platforms including Tinder, Hinge, OkCupid, etc.) recorded its overall revenue for 2019 is $2.1 billion, about 24% increased from 2018. Thus, considering the market players’ revenue and high growth rate, the global online dating market in 2020 might be higher than Statista’s estimation, at least over $3 billion is expected. According to Dylan Loh (2020) on Nikkei Asian Review, Singapore, Indonesia and Malaysia are the three leading countries in ASEAN in terms of users’ spending on an online dating app.


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15 Sep 2016
Who will be the final champion? Battle between Taxi companies and Car sharing apps

16-09-2016

From time to time, technology comes up with something new to remind us of how convenient our lives have become. The birth of Uber, a social sharing platform that connects passengers and drivers, is a worthy example of such reminder. Cut out all the details, Uber allows people to travel around in cars not theirs with only smartphones as companions. The idea alone sounds so fantastic that Uber’s dazzling development seems virtually inevitable. The same goes for Grab and DiDi Chuxing – Uber’s greatest followers and also competitors. Uber is operating in 488 cities in the world, Grab is becoming a major force in 650-million-people South East Asia, and DiDi Chuxing has just acquired the very Uber’s China in a $35 billion deal in 2016. Read More “Who will be the final champion? Battle between Taxi companies and Car sharing apps”

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